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Chart of the Day: Sterling's flying IV

Implied volatility in 1-month sterling option soared to 23.7 percent, highest since 2008/09 crisis when it briefly crossed over 30 percent. Lack of insurers in primary markets leading to a run in the secondary market led…

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Chart of the Day: Sterling's flying IV
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Implied volatility in 1-month sterling option soared to 23.7 percent, highest since 2008/09 crisis when it briefly crossed over 30 percent. Lack of insurers in primary markets leading to a run in the secondary market led by fear of Brexit.

Read more on Brexit, in our special Briferendum Series here - http://www.econotimes.com/topics/briferendum-series

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