GBPUSD - quantifying movement through the Transition Period

Looking at the distribution of implied outcomes through to 1/1/2021 (end of Brexit transition period) in GBPUSD, we can see understand the probability set (by the market) for levels to be tested through this time.
This allows us to quantify movement (source: Bloomberg FXFM), help mange expectations and help with our risk management

For more info on trading this period, see my article here - pepperstone.com/en-a...-move-gbp-uk-assets/