Yesterday the currency pair rebounded from 1.6074 even though with such a level of volatility the rebound was under question. The reason for it was the Greek debt, which maintained the volatility level of GBPUSD fairly high during the entire trading session.
Today’s news reports are of medium importance. Germany’s Ifo Business Climate and GDP will be fairly significant. For the US the main release will be New Home Sales. Germany’s indexes are expected to decline while the USA’s one is expected to increase in value. Any major deviation will cause volatility spikes, which is what volatility buyers always look forward to.
Provided by the Department of Options,
