# Sterling derivative bets rise as Brexit endgame nears

> Derivatives activity on sterling is rising sharply as investors bet on a weaker pound ahead of Britain's March exit from the EU. Hopes of Brexit progress have lifted sterling to nine-week highs, but talks are expected to go down to the wire.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/63285-sterling-derivative-bets-rise-as-brexit-endgame-nears
- Commodities: [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Heavier bearish currency positioning and rising implied volatility point to sharp swings in GBP, which affects dollar-denominated feed and commodity import costs for UK buyers. The direct grain price link is weak.

## Read by commodity

- USDCAD: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-britain-eu-currency-analysis/sterling-derivative-bets-rise-as-brexit-endgame-nears-idUSKCN1M117K/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.