Forex Trading

GBP: Could possibly be a great time to take safety towards swings – CIBC

Andrew Grantham, an analyst at CIBC, factors out that GBP/USD implied volatility rose over a 1-month horizon, however not over the three or 12 months, 

Key Quotes: 

“Information that British parliament voted to keep away from a tough Brexit and prolong article 50 has been optimistic for sterling, however what’s attention-grabbing is that measures of implied volatility multiple month forward haven’t risen. That’s doubly unusual now provided that by probably simply kicking the can additional down the street, we might be in an analogous state of affairs once more later within the yr.”

“As such, now might be a great time to take safety towards swings in sterling later within the yr.”

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