May Risks Losing Control of Brexit in Crucial Votes This Week

The video discusses the impact of Brexit developments on the pound, focusing on the avoidance of a no deal Brexit, the EU's role in delaying Brexit, and the potential renegotiation of the Irish backstop. It highlights the market's positive reaction to avoiding a no deal scenario and the importance of upcoming votes in Parliament. The discussion also touches on the influence of external factors like the Fed's stance on the market.

What was the initial market reaction to news that avoided a no-deal Brexit?

• The pound rallied above 132.

• The pound weakened significantly.

• The pound dropped below 130.

• The pound remained stable.

Why is the Irish backstop considered a major issue in Brexit negotiations?

• It is unrelated to the EU.

• It has been a major unresolved issue.

• It is already resolved.

• It is not important for the market.

What could make it easier to get a Brexit bill through Parliament?

• Agreeing on a specific timeline.

• Ignoring the Irish backstop issue.

• Leaving the timeline open indefinitely.

• Avoiding any timeline discussions.

What upcoming event could impact the FX markets according to the transcript?

• A new trade deal with the US.

• A speech by Governor Carney.

• A change in the Bank of England's leadership.

• A new EU referendum.

How might the Fed's stance affect the pound?

• It will have no effect.

• A hawkish stance could strengthen the pound.

• A hawkish stance could weaken the pound.

• A dovish stance could weaken the pound.