Analysts at CIBC, point out that GBP implied volatility hast been higher higher than the Mexican Peso over the last weeks and also noted short positions have remained stretched. Key Quotes: “The GBP has been labelled the “Great British Peso” by some commentators given that the high degree of implied volatility recently has resembled an emerging market currency. However, with recent votes appearing to diminish the odds of a no-deal Brexit, the “Pound” has made something of a comeback.” “Given that net short positions are still very stretched and would be trimmed further if risks continue to diminish, sterling could continue to rise against both the euro and the US$.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD technical analysis: Euro hovering near daily lows as Fed’s Powell is bullish on the US economy FX Street 4 years Analysts at CIBC, point out that GBP implied volatility hast been higher higher than the Mexican Peso over the last weeks and also noted short positions have remained stretched. Key Quotes: "The GBP has been labelled the "Great British Peso" by some commentators given that the high degree of implied volatility recently has resembled an emerging market currency. However, with recent votes appearing to diminish the odds of a no-deal Brexit, the "Pound" has made something of a comeback." "Given that net short positions are still very stretched and would be trimmed further if risks continue to diminish, sterling… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
