GBP volatility measures fall to 15-month lows

Despite the release of the first-tier UK employment data, Sterling implied volatility gauges slipped across the board to their lowest levels since January 2018, in absence of no significant Brexit-related developments likely this week, as cited by Reuters. The UK Parliament is on an Easter recess break this week.

Meanwhile, the expectations for volatility in the Pound fell to yearly lows after European Union (EU) granted a six-month Brexit deadline extension to the UK government. However, the EU leaders left doors open for an early exit if the UK PM May manages to reach a Brexit deal before October, 31st.

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