Pound Will Continue to Bleed Higher, Says Goldman Sachs’s Pandl

The video discusses the current state of global and US economic growth, highlighting the stronger performance of the US economy compared to Europe and China. It explores the impact of Brexit on the European economy and the Sterling, noting the uncertainty in polling ahead of the UK elections. Forex traders are cautious, with many waiting on the sidelines. The video also examines the potential for yuan appreciation if the US rolls back tariffs on China, suggesting it as a favorable FX trade for the first quarter.

What is the typical behavior of the dollar when global markets are performing well?

• The dollar weakens.

• The dollar becomes volatile.

• The dollar remains stable.

• The dollar strengthens.

How does the current US economic growth compare to that of China and Europe?

• US growth is weaker.

• US growth is similar.

• US growth is stronger.

• US growth is unpredictable.

What factor is causing uncertainty in the UK economy and the pound?

• US-China trade war.

• European Union policies.

• Global oil prices.

• Brexit negotiations.

What is the current sentiment among Forex traders regarding the pound?

• Uncertainty and caution.

• Complete disinterest.

• Overwhelming optimism.

• High confidence in the pound.

What could lead to a short-lived appreciation of the yuan?

• Increase in US interest rates.

• Confirmation of tariff rollbacks.

• Strengthening of the euro.

• Decrease in global oil prices.