Post by Soutpeel on Jun 6, 2016 14:27:20 GMT 7
Pound slides after polls show Brexit campaign gaining ground
Sterling volatility hits seven year high
Traders are scrambling to protect themselves against the pound plunging after this month’s referendum.
The cost of insuring against sterling volatility has hit its highest level since the wild days following the collapse of Lehman Brothers.
That shows that investors are expecting sterling to move sharply after the result of the EU vote is known.
www.theguardian.com/business/live/2016/jun/06/pound-slides-referendum-brexit-polls-janet-yellen-speech-live
Sterling volatility hits seven year high
Traders are scrambling to protect themselves against the pound plunging after this month’s referendum.
The cost of insuring against sterling volatility has hit its highest level since the wild days following the collapse of Lehman Brothers.
That shows that investors are expecting sterling to move sharply after the result of the EU vote is known.
www.theguardian.com/business/live/2016/jun/06/pound-slides-referendum-brexit-polls-janet-yellen-speech-live
