Risk reversals on GBP/USD (GBP1MRR), a gauge of puts to calls on Sterling, have nearly shed bearish bias amid Brexit optimism. The gauge is currently trading at -0.05, the highest level Jan. 29, when it was trading at the neutral level of zero. Notably, risk reversals have increased sharply from the March 25 low of -3.25, which indicates a sharp drop in demand or implied volatility premium for GBP puts (bearish bets). The data indicate investors are positioning for strength in Sterling by unwinding long putts or initiating long calls (bullish bets). GBP1MRR 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 GBP/USD drops to re-test 50-day SMA as Risk aversion/Brexit doubts rule on the UK holiday FX Street 3 years Risk reversals on GBP/USD (GBP1MRR), a gauge of puts to calls on Sterling, have nearly shed bearish bias amid Brexit optimism. The gauge is currently trading at -0.05, the highest level Jan. 29, when it was trading at the neutral level of zero. Notably, risk reversals have increased sharply from the March 25 low of -3.25, which indicates a sharp drop in demand or implied volatility premium for GBP puts (bearish bets). The data indicate investors are positioning for strength in Sterling by unwinding long putts or initiating long calls (bullish bets). GBP1MRR 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.
