Currency traders are spending more money than usual to shield themselves from sudden moves in the British pound as the UK prepares for its Autumn Budg
Currency traders are spending more money than usual to shield themselves from sudden moves in the British pound as the UK prepares for its Autumn Budget on November 26. The cost of short-term insurance against these swings has jumped to heights not seen in months.Options contracts covering one week now show traders expect more turbulence ahead. The euro-pound pairing saw the biggest jump, with one-week volatility measures hitting a six-month peak. Protection costs for pound-Swiss franc trades cl
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