Pound May Face Downside in Short Term: Pepperstone's Weston

The video discusses the euro-dollar market, highlighting a downtrend and the importance of respecting price action within a defined range. It also covers the impact of European politics and the ECB meeting on the euro. The second part focuses on the British pound, analyzing the political risks associated with Brexit and potential leadership changes, and their effects on the currency's volatility.

What is the current trading range for the euro-dollar mentioned in the video?

• High 112 to 111 ten

• High 113 to 112 ten

• High 115 to 114 ten

• High 110 to 109 ten

What is the expected stance of the ECB given the current five-year swaps in Europe?

• Hawkish

• Neutral

• Aggressive

• Dovish

What might the Fed need to do in response to US financial conditions?

• Increase interest rates

• Meet the market on a dovish price structure

• Implement quantitative tightening

• Maintain a neutral stance

Which political figure is mentioned as potentially causing the pound to go significantly lower?

• Dominic Raab

• Michael Gove

• Theresa May

• Boris Johnson

What is a major concern regarding the British pound in the context of Brexit?

• A strong economic recovery

• A second referendum with no Brexit option

• Increased foreign investment

• Stable political leadership