Pound Skeptics Pay Most for Protection Against Higher Yen: Chart

The pound is set to fall further against all of its Group-of-10 counterparts in the next six months, especially the yen, according to signals from the options market. As the pound tumbles before a June referendum on Britain’s European Union membership, the cost to lock in a price to sell the U.K. currency, using a put contract, has surged compared with buying it. The options skew widened Monday after London Mayor Boris Johnson, one of the nation’s most popular politicians, said he’ll campaign for Britain to leave the trading bloc.

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