Put demand spikes as investors hedge sterling's Tory rally

Corbyn Johnson_PA_230x150
By Ross Lancaster
05 Dec 2019

A surge in sterling this week has been accompanied by increased demand for FX put options, as investors take the view that there is little upside left ahead of the UK election next week.

Sterling’s rise to 1.3167 to the dollar on Thursday showed increasing expectation in the City that the Conservative party will win a majority in the election next week. But FX options traders see little chance of any significant further movement upwards. Even if the Conservatives win, the Brexit ...

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