GBP implied volatilities steadily rising - SocGen

FXStreet (Bali) - GBP implied volatilities are steadily rising across the board, notes Sebastien Galy, FX Strategist at Societe Generale.

Key Quotes

"Ahead of the UK election on May 7, GBP implied volatilities are steadily rising across the board leaving them the most expensive across multiple metrics. Historical analysis suggests significant prudence as vols particularly in the front end could gap higher."