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Jun 01 - 08:55 AM

GBP/USD - Upside Potential - According To FX Options

By Richard Pace  —  Jun 01 - 08:15 AM
  • FX options thrive on volatility and rapid directional moves

  • GBP/USD implied volatility low, reflects lack of actual/expected volatility

  • There's still a premium for downside, over upside strike options

  • Demand for high strike options has been, and remains fairly tepid

  • Price action more consistent with further FX ranging, low volatility

  • Not ruling out more GBP gains, but suggests they remain a grind medium term

  • Broader FX gamma demand matters for short term risk nL2N2NJ0PR

For more click on FXBUZ


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

GBP/USD benchmark 1-month implied volatility Click here

Source:
Refinitiv IFR Research/Market Commentary

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