Pound to Fall to $1.20 on Brexit Risks, Mizuho's Chatwell Says

The video discusses the potential rate hike by the Bank of England and the economic uncertainty facing the UK. It explores the impact of these factors on UK asset classes, particularly the bond curve, and how Brexit uncertainty influences the market. The discussion also covers the relationship between interest rate differentials and the cable, highlighting the political uncertainty's effect on the FX market. Finally, it examines different Brexit scenarios and their potential impact on the market, suggesting a soft Brexit as the most likely outcome.

What impact does the speaker believe political uncertainty will have on the FX market?

What does the speaker suggest might happen if the government tries to deliver something harder than a soft Brexit?