FX traders dump short-dated options on Brexit mire
Attention turns to long-dated positions after failed no-confidence vote
Foreign exchange options traders have jettisoned short-dated sterling-US dollar positions following the failed no-confidence vote against UK prime minister Theresa May yesterday, as attention shifts to longer-dated expiries in the New Year. While traders say liquidity concerns have eased, the constantly changing situation has scared some hedge funds off the trade altogether.
“We're really in
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