LATEST STOCK MARKET NEWS

Overall, it has been a relatively quiet week in the FX market, especially under the circumstances. Indeed, the lack of fresh news from the ongoing trade negotiations between the US and China has compelled investors to focus their attention on Brexit developments. Therefore, unlike most G10 currencies the pound sterling had very bumpy week as it was left at the mercy of the vagaries of UK lawmakers.

One could have easily anticipated that the lack of clear driver would have led to increase nervousness among market participants, which should have inevitably affected the option market. With the exception of the pound sterling that has not happened. Indeed, implied volatilities of option on G10 currencies - across maturities - have consistently moved downward, suggesting that investors do not know where to stand following the dovish shifts from both the Federal Reserve and ECB. As usual, investors were more inclined to buy protection against a bullish dollar move, especially against the pou

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