
FX Signals | Pound Traders Look Beyond Brexit
(Bloomberg) — Pound traders who have grown used to Brexit brinkmanship between London and Brussels are making two assumptions: there’ll probably be a trade deal, and U.S. elections matter more right now.
What to Look For in a Reliable Broker
It’s spurring demand for pound-bullish option bets and putting a kink in the currency’s volatility curve, which peaks at the one-month tenor. That’s well beyond the U.K.’s self-imposed.
Britain and the EU have been at a similar impasse in the past, only to reach some sort of compromise at the very last minute.
Learn Forex
Worst Levels in a Month for Pound to Canadian Dollar EX

A man cleans a board with different currency signs at a currency exchange office in Madrid, Spain, June 24, 2016. REUTERS/Susana Vera
In sign of the market’s positioning, sterling held its ground when the U.K. government warned Wednesday it would pull out of trade talks with the EU if there is no clear deal in sight next week.
Out of a notional 19.8 billion pounds ($25.6 billion) that traded through the Depository Trust & Clearing Corporation this month, 63% were pound calls, up from 44% in September. The CME Group (NASDAQ:CME) announced Wednesday that it executed the largest single options trade ever, a three-month pound call with strike at $1.40.
Pound to US Dollar Exchange Struggle
FX Signals | Pound Traders Look Beyond Brexit

About The Author: Forex Signals
Telegram Forex Signals FX including Opening Forex Accounts. Subscribe now for major pairs Forex Trading Signals Today by FxPremiere Telegram Forex Signals FX
More posts by Forex Signals