Short Pound Against Dollar, Yen, or Gold, Not Euro: Credit Agricole

The video discusses the impact of political divisions within the Labour Party on the currency market, particularly focusing on Brexit and its implications for the pound. It highlights the potential outcomes of a no-deal Brexit and the influence of Corbin's speech on market reactions. Additionally, it addresses the economic concerns in the Eurozone, including recession risks and the ECB's limited options, and how these factors affect currency strategies.

What is the main reason for the negative impact on the currency market discussed in the first section?

• A strong remain vote

• The Tory party's declining support

• Deep-rooted divisions within the Labour Party

• The Labour Party's unified stance on Brexit

What is a potential consequence of Jeremy Corbyn's speech as mentioned in the second section?

• Strengthening of the pound

• Intensification of no-deal Brexit risks

• Resolution of Labour Party divisions

• Support for a second referendum

Which currency is suggested as a preferred way to show a bearish view on the pound?

• Canadian Dollar

• Swiss Franc

• Japanese Yen

• Euro

What economic condition is the Eurozone potentially facing according to the third section?

• Deflation

• Stable growth

• Recession

• Economic boom

What political outcome could lead to a weaker pound as discussed in the third section?

• A coalition between the Labour and Green parties

• A coalition between the Tory and Brexit parties

• A coalition between the Liberal Democrats and SNP

• A coalition between the Conservative and Labour parties