Deutsche Bank's George Saravelos Discusses the Brexit Battle's Impact on Currency Markets

The video discusses the pound's reaction to Brexit developments, highlighting initial negative market reactions and the impact on the options market. It explores political scenarios, including the potential outcomes of Teresa May's deal or a general election, and their implications for the pound. The discussion also covers the timing for currency trading and the market's focus on the Article 50 extension. The video concludes with an analysis of market bias and the rapidly evolving political dynamics in Westminster.

What initial reaction is expected from the pound regarding the prospect of a hard Brexit?

How has the probability of a hard Brexit affected the performance of the pound since the start of the year?

What are the two potential outcomes mentioned regarding the political situation and their implications for the pound?

What factors are influencing the timing of currency trading in relation to the Brexit situation?

How does the current political landscape affect the expectations for the pound in the coming weeks?