Derivatives

Tory landslide crushes FX volatility, but it will return

FX

Tory landslide crushes FX volatility, but it will return

Nerves in the foreign exchange market had been tense in the run-up to Thursday night’s UK election, with a rumour that Labour would win more seats than predicted sparking some volatility in the FX options market. But that was swiftly quashed when TV broadcasters’ exit poll showed a Conservative majority and brought volatility to a swift halt.

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