Yesterday’s news events failed to increase the volatility of GBPUSD. Its value reached last week’s lows. The currency pair is being traded around the resistance of 1.6232.
Today’s news releases are not so significant. And there are no other market drivers expected for today.
Today is a favorable moment to close the trades for those who previously bought volatility. Others may consider selling volatility strategies (as long as the risks are restrained).
Provided by the Department of Options,
