Barnier’s, right, promise to offer the U.K. an unprecedented partnership sent the currency soaring more than 1 percent. AFP / Emmanuel DUNAND
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The next few months are going to be fun for pound traders.With both sides warning of the risk of no deal, investors are going to become more sensitive to Brexit headlines.Any proposed Brexit deal would have to be voted on by Parliament before the U.K. leaves the bloc in March.After U.K. Brexit Secretary Dominic Raab admitted that the October deadline for negotiating a deal may be pushed back, there is increasing talk of an extra emergency U.K.-EU summit in November, as well as the two meetings already scheduled for October and December.Allianz Global Investors' U.K. portfolio manager Michael Riddell is opting for out of the money call options to profit from a large unexpected rally in the pound.
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