Brexit Extension Likely if Deal Fails to Pass Says CIBC's Stretch

Jeremy from CIBC discusses the skepticism surrounding the EU-UK deal and its implications for the UK Parliament. He analyzes potential market reactions, including the impact on sterling and cable, and advises caution in trading due to political risks. Jeremy suggests buying dips in sterling if the deal is rejected, highlighting the inherent uncertainties in trading on political developments.

What is the main reason European leaders are applying pressure on UK parliamentarians?

• To ensure a deal is finalized before the vote

• To strengthen the UK's negotiating position

• To encourage a no-deal Brexit

• To delay the Brexit process indefinitely

What is a potential outcome if the Brexit deal is not agreed upon?

• The UK leaving the EU without any deal

• A longer extension and possible referendum

• Immediate implementation of a no-deal Brexit

• The EU withdrawing its offer for a deal

What is a common mistake when predicting the outcome of the Brexit vote?

• Assuming the consensus view is correct

• Ignoring public opinion

• Relying on historical data

• Overestimating the EU's influence

What political strategy might the Conservatives adopt if the Brexit deal is rejected?

• Promoting the deal negotiated by Boris Johnson

• Seeking a new deal with the EU

• Campaigning for a no-deal Brexit

• Supporting a second referendum

What is the suggested trading strategy if the Brexit deal is rejected?

• Selling sterling immediately

• Investing in other currencies

• Holding off on any trades

• Buying dips in sterling