I Wouldn’t Play the Pound Right Now, Says CBA’s Haddad

The transcript discusses the market's reaction to the potential extension of Brexit, highlighting the initial rally in the pound due to reduced risk of a no-deal Brexit. It explores future scenarios, including new elections or referendums, and their uncertainties. The discussion also covers the pound's volatility and potential trading strategies, emphasizing the challenges in predicting market movements amid ongoing Brexit developments.

What factors are influencing the current state of the pound according to the text?

How does the potential for a long extension impact the market's expectations?

What uncertainties are mentioned that could affect the British currency?

What is the significance of the risk of a hard Brexit being reduced?

What are the implications of the current market positioning as described in the text?