A “Clean And Hard” Pounding: Complete Recap Of Pound’s Rough Day

A “Clean And Hard” Pounding: Complete Recap Of Pound’s Rough Day

As expected, all anyone cares about this morning is cable, which of course plunged overnight on reports that UK PM Theresa May is set to push the envelope on a "hard Brexit" in a speech on Tuesday. Markets began pricing in the "bad" news in early Asian trading and it's been pretty much the same story since. In the options market, DTCC reported GBP336 million in 1.19 puts expiring March 31 executed as of a few hours ago. The risk off sentiment sparked by the pound's struggles has given the
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