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25 Oct 2021
GBP/USD: Options market stays bullish for fourth consecutive week
One-month risk reversal on the British pound (GBP), a gauge of calls to puts, prints a four-week uptrend, per the latest data provided by Reuters.
The options market gauge stays positive for the fourth week while recently flashing the +0.021 figure at the latest, considering the weekly data from Reuters.
The positive reading indicates call options are drawing a higher premium (option price) than puts or bears bets.
In other words, the options market favors bulls ahead of this week’s Brexit talks in the UK, as well as the US preliminary GDP for Q3 2021.
That said, GBP/USD refreshes intraday high to 1.3775, up 0.14% on a day by the press time of early Monday.
Read: UK says substantial differences remain with EU over Northern Ireland trade