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Market Pricing for Parity Hits a New High

GBPUSD
  • Market implied odds for GBP/USD to hit parity is at a new high, hitting 57.6% today.
  • Before last week's BoE decision and Mini-Budget, markets were pricing a ~6% implied probability of GBP/USD touching parity before year-end. The past few days of volatility have seen these chances accelerate, rising to 48% on Monday, dropping to 43% on Tuesday and now a new high Wednesday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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