Uncertainty over the additional impact Brexit has on supply chains, wages and prices appears to have further dampened investor sentiment. There is evidence that the wages of British workers are rising. However, at present, few expect wage growth for the majority to keep pace with inflation, which means that real income, and therefore demand, is likely to decline.
The rise in implied volatility in the pound reflects a sharp spike in uncertainty about the currency's outlook.
Proposed deal for this tool:
Entry Point - 1.70987
Stop Loss - 1.70467
Take Profit - 1.71508
The rise in implied volatility in the pound reflects a sharp spike in uncertainty about the currency's outlook.
Proposed deal for this tool:
Entry Point - 1.70987
Stop Loss - 1.70467
Take Profit - 1.71508
Trade closed: stop reached
