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Better buying of GBP/USD options has been...>

OPTIONS
OPTIONS: Better buying of GBP/USD options has been insufficient to prop up
overall trading levels in currency hedging markets so far today. EUR/USD,
USD/JPY and USD/CNY trading sits below average for this time of day, with
GBP/USD one of the few sitting higher. GBP/USD calls have been in demand from
the off, likely in expectation of building risks surrounding GBP strength should
Brexit be dealt with finally. $1.31 calls have been the most popular, but call
strikes are layered consistently between $1.31 up to $1.35. Shorter-dated
options have also been preferred Wednesday, with many call options rolling off
on Nov21 (ahead of a potential special Brexit summit) and Dec13.

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