Brexit Delay Chance Still Seen by Pound Traders, Rabobank's Foley Says

The transcript discusses the varying probabilities of a no-deal Brexit, contrasting market perceptions with bookies' odds. It highlights the influence of forecasters and banks on market sentiment, suggesting a potential delay in Brexit. The political landscape is expected to be volatile, with significant events like the return of Parliament and a possible confidence vote in September, leading up to the October 31st Brexit deadline.

What is the perceived probability of a no-deal Brexit according to bookies?

• 60%

• 70%

• 50%

• 80%

How does the market view the possibility of another Brexit delay?

• Impossible

• Possible

• Certain

• Unlikely

What could potentially bring down Boris Johnson according to the transcript?

• A no-deal Brexit

• Another Brexit delay

• A new election

• A successful confidence vote

What significant political event is expected in September?

• A new Brexit deal

• Parliament reconvening

• A new Prime Minister

• A general election

What is the potential impact on sterling mentioned in the transcript?

• Stability

• Weakening

• Volatility

• Strengthening