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Mar 01 - 07:55 AM

GBP/USD - Bulls Not Out Of Danger Yet - According To Options

By Richard Pace  —  Mar 01 - 05:47 AM
  • Big gains for FX volatility premium last week nL2N2KZ0K8, setbacks limited

  • Cable's benchmark 1-month implied volatility up 3.0 from mid Feb low to 9.5

  • Minor setback to 8.8 meets buyers - perceived risk of more actual volatility

  • Risk reversals added premium for GBP puts over calls last week, and hold it

  • 1-month 0.4 to 0.9 - new 2021 high - shows downside GBP fears remain high

  • UK budget Wed's, Fed speakers, and U.S jobs data all add to near-term risk




For more click on FXBUZ


GBP/USD 1-month implied volatility Click here

1-3-12-Month GBP/USD risk reversals Click here

Source:
Refinitiv IFR Research/Market Commentary

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