Free Trial

EUR/GBP hedging trades have been in.........>

OPTIONS: EUR/GBP hedging trades have been in demand from the off today, with
EUR/GBP puts the most popular (put/call ratio so far today sits at 1.73). Larger
trades eye put strikes rolling off in early December at Gbp0.8650 and Gbp0.8850.
This is reflecting in continued pressure on EUR/GBP risk reversals contracts:
EUR/GBP 3m riskies have pulled lower since touching a cycle high in early
Elsewhere, options trades are more lacklustre, with low EUR/USD and USD/CNY
hedging volumes (largely due to HK market holiday) compensated by slightly
higher USD/JPY and USD/CAD trades so far.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.