The recent rally in the Pound is pushing the Euro / Pound cross to lows not seen since 2017. Given the high implied volatility in the British Pound, /6B, traders can consider incorporating a theta component (with options) rather than trading the outright contracts.
Tune in as Pete walks through a series of visuals and correlations to explain how to set up a "currency cross" in Euro / Pound. Plus, get his take on the management of this trade given the dynamic nature of the delta in the positions.
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