Volatility Expected to Pick Up on Thursday

If you're thinking about the major currencies this week and feeling like we haven't seen anything, you'd be right, so long as we're not talking about the Pound. The Pound has been doing its own thing, up towards 1.5% since the weekly open. All of this can be reconciled by a market pricing out that tail risk of a hard Brexit outcome.
5-Day Performance v. US dollar
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LMAX Group Research Desk
LMAX Group
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