Pound Traders Set Brexit Bets as Key Summit Comes Into Play

Gold Silver Reports — What will Brexit look like in three months’ time? Pound traders are trying to figure it out.

Wednesday marks three months until a key European leaders meeting that could shape the final divorce. That means benchmark 3-month sterling volatility will start to cover the Oct. 19-20 summit for the first time. Traders need to gauge how a German election, three months of talks and political feuds in the U.K. will change the Brexit outlook by then.


Pound Falls Even as Inflation Rises

Gold Silver Reports — The pound fell even as a report showed that the UK’s annual in flation rate accelerated more in June than economists forecast, with traders awaiting the first data that indicate the state of the nation’s economy. Sterling weakened versus all except two of its 16 major …