Pound Volatility Cools as U.K. PM May Assumes Control: Chart

Patient Bank of England Relieves Pressure on Pound

Three-month implied volatility for the pound versus the dollar, a measure of anticipated price swings based on options, was at 12.4 percent after U.K. Prime Minister Theresa May began appointing cabinet ministers, according to data compiled by Bloomberg. The figure compares with 16.3 percent on June 27, the first working day after the June 23 referendum result was announced, and a seven-year high of 18.6 percent about a week before the vote.

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