BMO's Gallo Thinks EU Political Shift Favors Pound

The transcript discusses currency predictions, focusing on the pound and dollar, and the political climate affecting these predictions. It highlights the impact of Brexit on trade negotiations and the political dynamics within the EU. The conversation also covers the single market, free movement, and the economic realities influencing negotiation strategies.

What is the predicted exchange rate for the pound against the dollar in 12 months according to the discussion?

• 1.50

• 1.25

• 1.37

• 1.05

What is considered a major issue in the Brexit negotiations according to the second section?

• Trade tariffs

• Immigration

• Currency exchange

• Military alliances

What does the EU want the UK to accept as part of the negotiations?

• Higher tariffs

• Free movement of capital

• Acceptance of immigrants

• Military cooperation

What is a fundamental challenge of the single market as discussed in the third section?

• Lack of a common currency

• Language and local law barriers

• High tariffs

• Limited trade agreements

What is the potential impact of the UK's negotiation strategy on the EU?

• Strengthening the EU

• Breaking the EU

• Improving EU's global standing

• No impact