Home GBP volatility gauge hits highest since June 15

GBP volatility gauge hits highest since June 15

Updated: 9 Sep. 2020 | 05:42

GBP/USD one-month ATM volatility, which measures the calculated or implied mid-rate volatility for an at-the-money (ATM) option, has jumped to a three-month of 10.25%, according to data source Reuters.

The volatility gauge has seen a notable rise from 8% to 10.25% this week with renewed Brexit concerns and a decline in Sterling.

The GBP/USD pair is currently trading near 1.2960, having dropped by 1.36% to 1.2980 on Tuesday. The British currency has shed 2.38% this week.

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