Pound May Fall $1.15 if Hard Brexit: JPMorgan AM's Michele

The transcript discusses the delay in Brexit and the skepticism surrounding the outcomes. It highlights the uncertainty about whether the delay will lead to an agreement or opposition. Concerns are raised about the potential volatility if a general election occurs during the extension period. The market's complacency is noted, with predictions on currency fluctuations based on different Brexit scenarios.

What is the main concern about the Brexit delay mentioned in the first section?

• The delay ensures a hard Brexit.

• The delay could be used to strengthen opposition.

• The delay will result in immediate economic growth.

• The delay might lead to a rushed agreement.

What is the potential impact of a general election on Brexit, as discussed in the second section?

• It could open the door to increased volatility.

• It will eliminate market volatility.

• It will guarantee a Brexit deal.

• It will have no impact on Brexit.

According to the second section, why are markets currently complacent about Brexit?

• They think Brexit will be canceled.

• They expect Boris Johnson to win the election.

• They believe a deal has already been reached.

• They are unaware of the Brexit situation.

What is the current state of the pound sterling as mentioned in the third section?

• It is at 135.

• It is at 115.

• It is at 129.

• It is at 150.

What financial outcome is expected if a hard Brexit occurs, according to the third section?

• The pound will fall to 115.

• The pound will rise to 135.

• The pound will rise to 150.

• The pound will remain stable.