Pound Option Traders Turn Bullish Before Brexit-Deal Vote: Chart
(Bloomberg) -- Sentiment on the pound may be starting to lift ahead of the U.K. parliament’s vote on the Brexit divorce bill. Risk reversals, a gauge of market positioning, show investors are the most bullish on sterling in a year. That suggests traders have fully priced in the risk of Prime Minister Theresa May losing a Parliament vote on Britain’s divorce deal from the European Union, scheduled for Jan. 15.
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