New prime minister set to face same Brexit challenges, pound uncertainty Jul 23, 2019 New prime minister set to face same Brexit challenges, pound uncertainty By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group Brexit: Pound set for volatile fall after calm summer? Options signal volatile fourth quarter for pound post-Brexit deadline Could GBP fall 15% to below 1985 low of 1.05 vs USD if Brexit goes awry? SONIA futures give up on BoE rate increase, pricing a rate cut next Boris Johnson set to become next UK Prime Minister Read Article Brexit: Will new broom sweep clean? Britain gets new prime minister but Brexit roadblocks remain the same England’s overwhelming vote to leave the EU is linked to sovereignty Will next PM Boris Johnson be able to cut an EU deal acceptable to all quarters? There is a strong possibility of Britain holding fresh elections this fall Watch Video Brexit: A nervous pound Investors nervous over British pound ahead of Oct 31 Brexit deadline Options implied volatility for October trading at a relatively high 12% It translates to a likely surge in volatility for the pound’s spot rate Watch Video SEE MORE ANNOUNCEMENTS
