BMO's Gallo Says Chances of Hard Brexit Have Lessened

The video discusses the impact of recent election results on Brexit, highlighting a reduced likelihood of a hard Brexit, which is seen as positive for the pound in the short term. However, political uncertainty remains high, affecting economic policy and EU negotiations. The market is expected to focus on Brexit implications rather than fiscal plans, with the narrative associating a softer Brexit with a stronger pound.

What are the potential positive aspects of a hard Brexit that are mentioned?

How does the speaker predict the trading range for cable in the near future?