The volatility continues with GBPUSD trading in gappy 100 pip spikes on each and every new poll. Tonight’s plunge in cable to a 1.43 handle is driven by an ITV poll showing 45% for “Leave” and 41% for “Remain.” We are sure the establishment will come up with an equally pro-remain poll by the morning…
- *‘LEAVE’ VOTERS OVERTAKE ‘REMAIN’ CAMP IN EU BREXIT POLL: ITV
- *ITV POLL SHOWS 45% FOR `LEAVE,’ 41% FOR `REMAIN’
and one more:
- *U.K. POLL ON EU SHOWS 43% LEAVE, 41% REMAIN: TNS POLL
Send cable tumbling…
Erasing all the payrolls-driven weak-USD spike from Friday.
With the vote now 3 weeks away, the 1-month-1-week vol premium has exploded as everyone buys protection ahead of the chaos…
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