Wednesday, 23 March 2016

British Pound: The Action Is In the Options

From Brown Brothers, Harriman & Co.'s currency maven:

Great Graphic: Brexit Fears Boost Sterling Put Buying

The UK referendum is three months away.  
Three-month options are a common benchmark for various market segments;
from speculators, to fund managers to corporations.  Events over the
past week have raised the risks that the UK votes to leave the EU.





The market has responded

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