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Jun 10 - 02:55 PM

GBP: Volatility To Rise Sharply Coming Weeks - ING

By eFXdata  —  Jun 10 - 01:00 PM

ING Research expects a rise in GBP volatility over the coming weeks.

"The fact that sterling money markets still price a further 175bp of Bank of England (BoE) tightening by year-end goes to show that investors struggle to buy into the idea of a pause anywhere. We have heard very little from the BoE over recent weeks, questioning whether there is to be a rude awakening on the BoE rate profile when the Bank announces rates next Thursday," ING notes. 

"GBP/USD one-month volatility is trading at 9.4% - not too far away from one-month realised volatility - and we could easily see traded volatility rising back to 11-12% levels given huge uncertainty over coming weeks," ING adds. 

Source:
ING Research/Market Commentary

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