Sterling Complacent Amid Growing Brexit Uncertainty, Jones Says

The transcript discusses market complacency regarding Brexit risks, particularly in the FX market. Despite uncertainties, sterling has appreciated, and the risk of a no deal Brexit is not fully priced in. The Conservative Party's internal dynamics and leadership challenges are influencing Brexit strategies. Political posturing has been prevalent, with the market not adequately accounting for the increased probability of a no deal Brexit.

What did Kramer of accreditors say about the market's attitude towards Brexit risk?

How has the trading range of euro pound sterling been characterized from 2009 to 2013?

What is the current sentiment regarding the risk of a no deal Brexit according to the speaker?

What was noted about the popularity of no deal among Conservative Party members?

What does the speaker suggest about the market's pricing of the probability of a no deal Brexit?