In this afternoon’s trading session I explain how to trade volatility as seen this morning in the British pound. Whilst many forex traders would have been focused on the GBP/USD pair, which whip-sawed around on the news release, for the GBP/AUD it was smoother trading, so it pays to check out the cross-currency pairs at such times. And this was a classic example where the GBP/AUD really delivered the easier trade.
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