TS Lombard's Fraser Says the Pound Is Justified

The video discusses the recent market rally and its justification in light of Brexit developments. It explores the implications of a potential Brexit deal, the political risks involved, and the impact on the UK economy. The discussion includes the voting process for the Brexit deal, the possibility of a general election, and the fragile coalition supporting the deal. The video also highlights the risks of a no-deal Brexit and the potential for legislative amendments that could alter the Brexit outcome.

What are the potential outcomes if the implementing legislation for Brexit is blocked or amended?

What factors could lead to a shift in the coalition supporting Boris Johnson's Brexit deal?

How does the current market sentiment reflect the risks associated with Brexit?