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GBP: Might be a superb 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 fascinating is that measures of implied volatility a couple of month forward haven’t risen. That’s doubly unusual now provided that by probably simply kicking the can additional down the highway, we might be in an identical scenario once more later within the 12 months.”

“As such, now might be a superb time to take safety towards swings in sterling later within the 12 months.”
 

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