Pound Probably Headed Lower Again, Toronto-Dominion's Kelly Says

The video discusses the current state of the Sterling market, highlighting a recent rally and the potential for further declines due to Brexit uncertainties. It examines the challenges faced by the UK Parliament in reaching a Brexit deal and the implications for Sterling. The discussion also covers trading strategies in the face of market volatility and speculates on potential interest rate changes by the Bank of England.

What was the market's reaction to the recent developments in Brexit negotiations?

• The pound rallied by more than 2%.

• The pound remained stable.

• The pound depreciated significantly.

• The pound depreciated by more than 2%.

What is the default outcome if the UK Parliament fails to reach a Brexit deal?

• A new referendum.

• A no-deal Brexit.

• A general election.

• An extension of the deadline.

What political groups are involved in the Brexit negotiations discussed in the video?

• Conservative Party and UKIP.

• SNP and Green Party.

• Labour Party and Liberal Democrats.

• DUP and ERG.

How has the uncertainty surrounding Brexit affected the Bank of England's interest rate decisions?

• The Bank of England is likely to cut rates.

• The Bank of England is in a rush to hike rates.

• There is no rush for the Bank of England to hike rates.

• The Bank of England has already hiked rates.

What is the market's expectation for a rate hike by the Bank of England if a Brexit deal is reached?

• A rate cut is expected.

• A rate hike is expected by the end of the year.

• A rate hike is expected immediately.

• No rate hike is expected.