Euro’s Outlook Darkens in Options Before Brexit Vote: Chart

Brexit: Polls Say Yes, but Markets Say No

Investor anxiety over a possible Brexit is spreading beyond the pound. The cost of protecting against a drop in the euro against the dollar over the next month, compared with guarding against an increase, has surged to the most since November 2011, according to risk-reversals data compiled by Bloomberg. The premium touched 3.3825 percentage points on Wednesday, eight days before the U.K. votes on whether to remain in the European Union.

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