Pound Volatility Drops Most Since '08 as Brexit Fears Ebb: Chart

Pound traders’ angst regarding the June 23 European Union referendum appears to be easing. Three-month implied sterling-dollar volatility fell 136 basis points on Tuesday to 12.5 percent, its biggest one-day drop since December 2008. That surpassed the slide in the measure seen in the aftermath of last year’s general election, which narrowly avoided the political turmoil of a hung parliament.

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