30.05.2016 - Currency Traders Look Beyond the Pound to Combat Brexit Turmoil
It’s one of the biggest dilemmas facing currency managers: how to protect against the fallout from the U.K. leaving the European Union without losing money should it vote to remain. With the pound’s volatility against the dollar at the highest in six years and options on its most traded currency pair the most expensive on record, traders are looking for other solutions in the run-up to the June 23 vote. For some investors, including Unigestion SA and Aberdeen Asset Management Plc, that means buying options on the Swiss franc and Swedish krona or using the euro as a proxy for sterling...............................................Full Article: Source
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