FX Market Chaos Signals Brexit Risk Surge Post-Belgium

The markets’ various indicators of ‘Brexit Risk’ are all elevated this morning post-Belgium-attacks.

GBPUSD is tumbling…

 

But most crucially, the cost of protection against pound currency swings over EU currency swings has jumped to the highest ever signalling the highest market-impled risk of Brexit so far.

 

As Fed’s Lockhart warned yesterday, the contagious risk of Brexit will likely spread to the US economy – so this is not to be ignored.


via Zero Hedge http://ift.tt/1Ri4J8j Tyler Durden

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