Sterling to 'Fall Quite Hard' on Hard Brexit, Says Rabobank's Foley

The video discusses the uncertainty surrounding Brexit and its impact on the UK economy, particularly focusing on upcoming GDP data. It highlights the role of politics in influencing the pound and market expectations, with a general forecast of a soft Brexit. The discussion also covers political negotiations, market nervousness, and the potential shift in commentators' views from a soft to a hard Brexit, which could affect the value of sterling.

What is the market anticipating regarding the UK GDP data?

• No change

• A major increase

• A fairly decent number

• A significant decline

What is the central forecast of most forecasters regarding Brexit?

• A no-deal Brexit

• A hard Brexit

• A delayed Brexit

• A soft Brexit

What behavior is expected from politicians as the Brexit deadline approaches?

• Complete withdrawal from negotiations

• Continuous pushing until a last-minute deal

• Immediate agreement

• Ignoring the deadline

What was the outcome of the meeting between Theresa May and Angela Merkel?

• No progress

• A little bit of conciliation

• Increased tension

• A finalized deal

What could cause a significant impact on the value of sterling?

• No change in Brexit stance

• A delay in Brexit

• A shift from a hard to a soft Brexit

• A shift from a soft to a hard Brexit