Pound Is on a 'Roller Coaster' Amid Brexit Talks, ING's Pesole Says

The video discusses the fluctuating behavior of the sterling in the market, influenced by ongoing Brexit negotiations and short squeezing effects. It highlights the uncertainty surrounding a potential Brexit deal, with key questions about its approval by the EU summit and UK Parliament. The FX market's stance on Brexit is explored, suggesting a middle ground between a hard Brexit and a real deal. The video also analyzes Boris Johnson's strategy, indicating a shift towards securing a deal, which has positively impacted market perceptions and supported the sterling.

What is the market's perception of a hard Brexit based on the current FX market situation?

How has Boris Johnson's approach to negotiations affected market confidence?