Current Level of GBP-USD Is Unsustainable, Says MUFG's Tan

The video discusses the ongoing chaos surrounding Brexit, highlighting the EU's tough stance with Theresa May. It explores investor concerns, particularly regarding the potential impacts on the foreign exchange markets, with predictions for the pound's value in different Brexit scenarios. The discussion includes differing opinions on preparedness for a no-deal Brexit and the binary nature of potential outcomes for the currency markets.

What is the EU's stance towards Theresa May regarding Brexit?

• The EU is playing hardball and demanding clarity.

• The EU is indifferent to the situation.

• The EU is encouraging a no-deal Brexit.

• The EU is offering unconditional support.

What is the expected impact of a no-deal Brexit on the foreign exchange markets?

• The pound is expected to weaken.

• The pound is expected to strengthen significantly.

• The pound is expected to have no change.

• The pound is expected to remain stable.

What is the potential worst-case scenario for the pound in the event of a no-deal Brexit?

• The pound could stabilize at 130.

• The pound could fall to 110.

• The pound could drop to 90.

• The pound could rise to 150.

What is the binary nature of the Brexit outcome discussed in the video?

• The outcome will have no impact on the economy.

• The outcome will be slightly positive or slightly negative.

• The outcome will be neutral.

• The outcome will either be very positive or very negative.

What is the underlying message about the current level of the pound?

• It is at its lowest point.

• It is unsustainable and needs to change.

• It is at its peak.

• It is sustainable and stable.