Sterling interest rate options climb to highest on record
Greater options use hints at uncertainty over BoE rate trajectory
Sterling-denominated exchange-traded interest rate options reached their highest level on record in the first quarter of 2026, figures from the Bank for International Settlements (BIS) show.
Open interest in sterling-denominated interest rate options reached $18.4 trillion in Q1 2026, an increase of $7.8 trillion on Q4 2025. This figure, which marked a 137% increase on Q1 2025, was also the
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