How Does Brexit Uncertainty Impact the Pound, BOE Rates?

The transcript discusses the rising implied volatility on cable due to Brexit uncertainties and the potential impact of a November summit. It highlights the market's reaction to Brexit developments and economic data, noting that interest rate hikes are not expected until late next year. The discussion also covers the implications of Mark Carney's extended term and the potential for future economic volatility as unresolved issues resurface during the transition period.

What factors are contributing to the rising implied volatility on cable?

How might a successful summit in November affect pound volatility?

What underlying problems are masked by the current relief in the market?

What is the significance of the timeline regarding interest rate hikes mentioned in the text?

What potential outcomes are discussed regarding Mark Carney's term and Brexit negotiations?