Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Jun 18 - 07:55 AM

EUR/GBP - Buyers Of EUR/GBP Options Over CPI And BoE

By Richard Pace  —  Jun 18 - 06:25 AM
  • Demand for Thursday expiry options that include UK CPI and BoE

  • Strikes mostly EUR call/GBP puts so can benefit from higher spot

  • Thursday 0.8465 strike EUR call/GBP put traded 8.0 implied volatility

  • Premium was 15 GBP pips - so break-even at 0.8480

  • Strikes expiring Thurs 0.8450 (450mln), 0.8475 (350mln) 0.8500 (671mln)

  • There's almost 1-billion euros at 0.8475 expiring on Fri - potential draw

  • Weak CPI signalling earlier/more BoE rate cuts can lift EUR/GBP near term

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!