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After a particularly busy two sessions to...>

OPTIONS
OPTIONS: After a particularly busy two sessions to start the week, currency
hedging volumes crossing the DTCC have been markedly quieter so far today, with
the absence of US participants likely dimming activity. Modestly higher than
average volumes in AUD/USD, USD/KRW and USD/SGD comfortably countered by quieter
USD/JPY, USD/CNY and EUR/USD markets today.
-GBP/USD implied vols have been active today, particularly the short-end, with
GBP/USD 1w implied volatility surging higher as the contract today captures the
UK parliamentary vote on PM May's Brexit deal for the first time. 1w vols traded
as high as 17.8350 today, the highest since June 2017 when the contract covered
the last general election.

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