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Sterling volatility measures fall to 15-month lows

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By Reuters
Sterling volatility measures fall to 15-month lows
FILE PHOTO: British Pound Sterling banknotes are seen at the Money Service Austria company's headquarters in Vienna, Austria, November 16, 2017. REUTERS/Leonhard Foeger   -   Copyright  LEONHARD FOEGER(Reuters)

LONDON (Reuters) – Expectations for volatility in the British pound plummeted to their lowest levels in more than a year on Tuesday after European Union leaders and the British government last week announced Brexit would be delayed for up to six months.

Sterling implied volatility gauges slipped across the board, extending a recent decline, to their lowest levels since January 2018, as no significant Brexit-related developments were expected this week.

(Reporting by Saikat Chatterjee; Editing by Tommy Wilkes)