* Sterling’s gyrations leave Bank of England in a bind *
"Currency analysts are nervously excited. “What a week it could be for sterling,” says Citigroup. “This week could define how sterling performs into year-end.”
"Investors are less thrilled. The pound last Thursday fell 0.6 per cent on the deadlock in Brexit talks, only to rise 1 per cent on reports that the EU was considering offering the UK the two-year transition deal it was seeking.
Sterling continued to yo-yo on Monday, so it is hardly surprising investors are taking out extra protection against the pound’s gyrations, driving up demand for one-month implied sterling volatility."
I'll be in NYC next week, so hoping for a local high followed by a decline on my return to make sense of my long term investments
