The ‘Brexit’ Impact on Sterling

The video discusses the declining trade-weighted value of the Australian dollar and its implications for sterling, particularly in the context of Brexit. It highlights sterling's current undervaluation against the euro, market positioning, and increased volatility. The potential for a sterling rally is explored, especially if polls favor the UK remaining in the EU.

What are the three key points highlighted regarding Sterling and Brexit?

How much weaker is Sterling against the Euro compared to expectations?

What does the current market positioning indicate about Sterling?

What does the increase in Sterling volatility suggest about market conditions?

What potential outcome is suggested if the polls indicate the UK stays in the EU?