Pound Traders Brace for Increased Turbulence as Summer Lull Ends
- Three-month sterling volatility has picked up in recent weeks
- Aberdeen Standard has entered short position against dollar
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Pound investors hoping for a turnaround anytime soon could instead face more turbulence.
The U.K.’s and the European Union’s plan to negotiate Brexit continuously from now on suggests there will be more political headlines, potentially fueling volatility, according to strategists at Royal Bank of Canada and Australia & New Zealand Banking Group Ltd.