The Pound appears to have some positive traction this morning off a slight shift toward a no vote and perhaps the currency is also getting some lift from slightly positive UK jobs news for August. In fact, the UKunemployment rate fell to the lowest level since August of 2008 and there was news that two policy makers votedto raise UK rates and that should put the Pound in a somewhat exclusive crowd among the most actively tradedcurrencies. The Pound has filled the gap and might be poised to regain its footing but the vote is not aninsignificant rumble strip directly ahead. Aggressive traders might consider selling 1 October Pound 1.62 call andbuying 2 October Pound 1.6350 calls for a net outlay of 35 ticks. Those options have 16 days until expiration.
