brexit

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

January 16, 2017January 16, 2017

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

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today for as little as $7/month

View subscription options

Or try one month for FREE with a trial plan

Already have an account? log in

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

Lance Manly

January 16, 2017 at 7:08 ams Reply

I hope the Brits will enjoy summering on that cold miserable island of theirs unable to afford to travel. I on the other hand will enjoy the big discounts on good scotch.
Jeff

January 16, 2017 at 11:27 ams Reply

That vol spike says there were quite a few in denial, per Mark Cudmore. Probably many more remain there.