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EU Summit key but 1-week implied volatility suggest lower risk of a sharp GBP move – MUFG

October 12, 2020 at 06:30PM

EU Summit key but 1-week implied volatility suggest lower risk of a sharp GBP move – MUFG
The market doesn’t believe in European deadlines
MUFG Research highlights the importance of the EU
Leaders Summit on 15th and 16th October for the pound, but notes that
one-week implied GBP/USD volatility points to a limited scope for sharp
GBP moves over the coming weeks.

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