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brexit volatility

Monday Morning Chart Check (“Clean And Hard” Edition)

Theresa May likes her Brexits "clean and hard."

UK PM Theresa May prefers her Brexit’s “clean and hard” according to The Sunday Times, and overnight we got a preview of what that feels like courtesy of FX markets which slapped the pound below 1.20 for the first time since the October flash crash.

Below is a look at O/N vol, which hit its highest level since August 4, when the BoE cut rates following the Brexit vote.

vol

(Chart: Bloomberg)

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