-- Compared with the hustle and bustle around the French election, investors don’t seem the least concerned about the U.K. vote on June 8. Implied volatility on one-month pound-dollar options has slumped to the lowest level since December 2015 amid expectations Prime Minister Theresa May will return to power, with her Conservative Party winning a bigger majority. “I can’t imagine that the market is going to price in anything other than a Conservative landslide,” said Steven Barrow, head of Group-of-10 currency strategy in London at Standard Bank Group Ltd.
This means there is no concern about the GBP, and the correction is less likely. GBP remains in a positive formation.
Стефан Д. Ангелов - Head of Stocks Trading
Bloomberg
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