Options Bets on Pound Surge as Yen Loses Appeal for Traders
- Pound has been rising after BOE said in no hurry to cut rates
- EUR/GBP options trading volumes have surged in recent days
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Currency traders are shifting focus to sterling as the dollar and the yen lose their luster.
Options trading volumes for the pound versus the euro on the Depository Trust and Clearing Corporation surged on Monday to around 300% above the five-day average, and beat the average again on Tuesday, data compiled by Bloomberg shows.