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 are the concerns regarding the delay in Brexit negotiations?

How does the potential for a general election impact the Brexit situation?

What is the current sentiment in the markets regarding Brexit?

What are the expectations for the pound sterling in relation to Brexit outcomes?

What could be the consequences of a hard Brexit according to the text?