Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it? 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown 
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat? 
AI is supercharging money scams – here’s what you can do to protect yourself 
Banking scandal rocks Brazil’s politics and the country’s presidential election in October 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Unsustainable – or manageable? We don’t yet know how data centres will impact Australia’s environment 
China’s robots can run faster than Usain Bolt – now they are being prepared for war 
Add as a preferred source on Google
Pound just snapped back from critical low against Dollar today around 1.406 area but price actions clearly suggests vulnerabilities remain. Over the past five days, Pound has dropped more than 400 pips against Dollar.
Fear of Brexit has been key driver behind the drop. Recent rift among Prime David Cameron’s own party regarding budget and terrorist attack in Brussels, both are expected to strengthen exit camp and lead to people leaning towards exit.
However Pound’s movement in the spot market is much smaller and less stirring, when compared to the shift in options market.
- Pound/Dollar implied volatility has risen for eight consecutive days, while Pound has dropped only in five of them.
- As of now, 3 month IV is trading at 15.2%, which is highest level in six years. IV touched 16.9% in May 2010, when Prime Minister Cameron was suffering coalition issues post-election.
- Yesterday, 3 month IV jumped by 2.6%, which is biggest move since 2008 financial crisis.
- Demand for puts are so high that yesterday, puts were trading at 4.2% premium to calls. Yesterday it jumped from 2% around.
Pound is likely to test lows around 1.38 area and might even break below if 1.406 fails to provide support.
