LONDON, Oct 14 — Sterling was on the defensive today as uncertainty abounds over whether Britain and the European Union will have reached a Brexit deal in time for their self-imposed deadline tomorrow at the EU Summit. Sterling overnight implied volatility gauges soared to a seven-month high of...
Wednesday, 14 Oct 2020 04:11 PM MYT
Sterling overnight implied volatility gauges soared to a seven-month high of above 13 per cent indicating investors were prepared for unexpected moves in the British currency in the next hours. EU leaders meeting in Brussels tomorrow and Friday to discuss Brexit will say that progress in talks with Britain is “still not sufficient” to seal a new trade deal, according to a draft summit decision seen by Reuters.
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