Pound's $16 Billion of Option Trades Envisage Drop to 1980s Lows

  • Bets placed on drop roughly equal to size of Iceland's economy
  • Three-month volatility options now span the referendum day

Boris Swims Against Tide of ‘Brexit’ Warnings

As Britain ponders its future in the European Union, investors are betting an amount almost the size of Iceland’s economy on the pound falling to levels last seen in the 1980s.

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