The Pound Crash Is a Big Wake-Up Call to U.S. Traders Ahead of the Election
The risk is high but hedging appears low, says Citigroup Inc.
Trump's Unknowns Spell Uncertainty for Markets
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The shocking overnight plunge in the pound — one of the world's most-traded currencies — draws attention to how outsized volatility can take the markets by storm.
While the pound's sudden meltdown has been blamed on computer-driven orders, vocal fears the U.K. is marching towards a hard Brexit already helped to send the currency tumbling to historic lows this week. But there's a bigger event risk lurking that could roil financial markets from Shanghai to Johannesburg: the U.S. election.