Why ‘Brexit’ Is Causing Markets To Be On a Knife Edge

The transcript discusses the dynamics of the Sterling market, highlighting the impact of uncertainty and short positions. It explores market volatility, the influence of David Cameron's stance on the EU, and the potential for Sterling to rally on positive news. The discussion shifts to the Euro, examining factors like the ECB meeting and Brexit's impact. The transcript concludes with an analysis of market expectations, particularly regarding US rate hikes, and their influence on the Euro and global financial conditions.

What factors contribute to the uncertainty in the market regarding Sterling?

How has the market's positioning towards Sterling changed since 2008?

What are the implications of the current volatility levels in the market?

What impact does David Cameron's stance on the EU have on market perceptions?

In what ways do the expectations of the ECB's actions influence the Euro and Sterling?