Slide deck for this month's update: https://bit.ly/2YYrWs6  Link to original update video: https://bit.ly/2M5oSVU  In this monthly FX update, John Hardy refreshes the outlook on sterling after the UK election and revisits ongoing themes like the wait for a switch to a fiscal focus from policymakers, the ongoing historic extremes in low volatility, and what is needed to open a path to a weaker US dollar in 2020 after 2019 largely proved a bust for USD bears. Recorded on December 17, 2019.