Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 14 December 2018 at 20:07 GMT
FX options trader / Saxo Bank
Denmark
FX Options weekly roundup:

GBP. Main event was the UK vote on the Brexit deal that got postponed and May’s survival of confident vote. Short dated vols, which had a lot priced in ahead of the Brexit vote, first kept the high levels as GBP spot started to sell off on the news, but as spot settled frontend vols started a bigger correction lower during rest of the week. 1w GBPUSD went from 16vol Monday down to 10vol on Friday. Also backend of the curve with expiries post 29.Mar, the article50 deadline, saw its first real correction lower since July, with 6month GBPUSD ATM from 14.0 Monday to 12.6 on Friday. Traded 8.3 back in July.

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