Pound Sentiment Is Now the Most Bullish in More Than Three Years
JPM's Kelly Says BOE Faces 'Tropical Storm' of Brexit
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Currency traders haven’t been this upbeat on the pound in more than three years.
The cost of owning one-month call options on sterling relative to puts reached six basis points, the steepest since February 2014, as the Bank of England said the market is underpricing the prospect of rate increases.