Pound Volatility Before EU Summit Shows Brexit Woes Escalating

  • Sterling-euro six-month volatility most since 2011 last week
  • EU leaders meet in Brussels from Feb. 18 to discuss deal

U.K. lawmakers are not the only ones bracing for a tough few months before Britain’s referendum on its European Union membership. A gauge of expected volatility for the pound near the highest since 2011 shows traders are expecting a rough ride too.

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