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Sep 07 - 04:55 AM

GBP/USD - Growing Concern About Higher GBP/USD - According To FX Options

By Richard Pace  —  Sep 07 - 02:36 AM
  • Option traders buy option strikes in areas they perceive might trade

  • There's been a pick up in interest to buy option strikes toward 1.40 of late

  • Flows relatively light, but show there's a perceived risk of more GBP gains

  • Implied volatility is finding support ahead of longer term lows, too

  • That increases option premium, and would be consistent with renewed demand

  • Benchmark 1-month expiry regains 6.0 from 5.75 post NFP Friday

  • After breaking key levels, sterling has room to climb nL1N2Q900V

For more click on FXBUZ


GBP/USD 1-month expiry implied volatility Click here

Source:
Refinitiv IFR Research/Market Commentary

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