If You Can Stomach Pound Volatility Bet on Soft Brexit, Lombard Odier Says

The video discusses the recent performance of sterling, highlighting its rise against the dollar and the market's reaction to Brexit developments. It emphasizes the ongoing volatility due to Brexit uncertainties and the challenges in making informed trades on sterling. The discussion suggests that a soft Brexit is the likely outcome, which would limit sterling's appreciation due to economic damage. Overall, the video advises caution in short-term trading due to political uncertainties.

What is the speaker's view on the potential for a soft Brexit?

Why does the speaker believe that taking a short-term view on sterling is futile?