Pound Traders Set Brexit Bets as Key Summit Comes Into Play

From bloomberg.com

What will Brexit look like in three months’ time? Pound traders are trying to figure it out. Wednesday marks three months until a key European leaders meeting that could shape the final divorce. That means benchmark three-month sterling volatility will start to cover the Oct. 19-20 summit for the first time. Traders need to gauge how a German election, three months of talks and political feuds in the U.K. will change the Brexit outlook by then. With discussions resuming in Brussels this week, the EU’s chief negotiator Michel Barnier has said “sufficient progress” needs to be made on the terms of the ... (full story)