Pound Traders May Be Facing Choppiest June Since Brexit Vote
- Brexit trade talks, negative-rates speculation are among risks
- Divergence between spot, options points to wider swings ahead
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The pound is heading for this year’s fourth monthly slide, and a lengthening list of risks is pointing to more turbulence in June.
Sterling traders look set to face heightened uncertainty on multiple fronts next month -- the end-June deadline to extend the Brexit transition period, the possibility of negative interest rates in the U.K. and the economy’s tentative exit from the pandemic lockdown.