The euro maintains a bullish tone versus the pound on the charts, but long positions through options may feel the weight of an ongoing trend of softer data out of the monetary union. The common currency advanced in the past couple of weeks after concern that Britain will crash out of the European Union hit demand for U.K. assets. Still, the scope for further sustainable gains may be limited as option markets suggest investors have already hedged additional pound weakness, and the double whammy of a slowing economy and rising political tension in the euro area tilts the balance of risks back. Risk reversals over the ... (full story)