(Bloomberg) -- The British pound's rally to the highest in 26 years may continue as options traders and money managers grow more bullish about the currency.
Options prices show traders are paying more for the right to buy pounds than to sell and the difference widened this week to the largest since Jan. 5. The premium on one-month pound calls over puts rose to 0.27 percent today from -0.2 on March 15. A positive number for the so-called risk-reversal rate indicates more demand for the right to buy the currency.
Read more at Bloomberg Currencies News
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