Market Not Priced for a Hard Brexit, Says DWS's Holtze-Jen

The video discusses the current market positions on Euro Dollar and Sterling, highlighting that while the Euro Dollar has been priced with most bad news, the market is not fully prepared for a hard Brexit scenario. Analysts suggest Sterling may have more upside potential compared to the Euro, with some predicting it could rise to 87 pence per Euro by March. However, there is skepticism about this forecast, with some preferring the current levels due to ongoing pressure on the Euro.

What is the stance on euro-sterling compared to euro-dollar?

• More contrarian on euro-sterling

• Less contrarian on euro-sterling

• Equally contrarian on both

• No stance on euro-sterling

What is the market's base case scenario regarding Brexit?

• No Brexit

• A soft Brexit

• A hard Brexit

• Brexit with little interest from both sides

According to analysts, how is the pound perceived compared to the euro?

• Less attractive than the euro

• Equally unattractive as the euro

• Judged less ugly than the euro

• More attractive than the euro

What is Commerzbank's prediction for the pound by end March?

• Remain stable at current levels

• Rise to 90 pence per euro

• Fall to 80 pence per euro

• Rise to 87 pence per euro

What is the general agreement about the pound's potential movement?

• Unpredictable movement

• No significant movement

• More upside risk

• More downside risk