Nomura's Rochester Sees 'Shimmer of Light' for the Pound

The video discusses the UK's economic status, focusing on its proximity to historical lows and the impact of a no-deal Brexit. It explores the potential for fresh historical lows in currency markets if the probability of a no-deal Brexit increases. The discussion includes market analysis, political scenarios, and the implications of a vote of no confidence. The video also examines the risks of a general election and the need for a resolution to Brexit, suggesting that an election might be the most straightforward solution.

What does the speaker mean by a 'shimmer of hope' for a tactical long trade?

Why is it suggested that going back to the people for an election might be easier?