Sterling Offers Protection at 'Very Cheap' Valuation, Redeker Says

The video discusses analysts' forecasts for the end of 2019, focusing on Brexit's impact on the market and currency valuation. It highlights the declining probability of a hard Brexit and the market's reaction to recent news. Concerns about a no deal Brexit are addressed, with insights into Parliament's stance and the currency's valuation. The video concludes that the market is not aligned with analysts' expectations, despite sterling's protective value.

What does the recent market activity suggest about real money accounts and their positioning with respect to sterling?

What is the consensus of analysts regarding the protection offered by sterling?