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British Pound Futures Volatility Forecast (01/02/2011)

The British Pound Futures went through a quite sideways week although the volatility forecasts seemed to be quite bullish.

The volatility curve is upward sloping and the current level of 0.58% (9.2% annualised) should be surpassed in the next trading days.

British Pound futures are now in the 160 area which is a pretty strong resistance level and it would not be surprising to see the price get back in the 156 – 158 zone with the volatility achieving  0.6% – 0.62% (9.5% – 9.8% in annual terms).

The staff of HyperVolatility is bearish on Pound futures and it is expecting an   increase in market fluctuations with a consequent drop of the price.

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