⚠️💶Euro 1-Week Vol Premium Rises to Highest Since Mid-Dec.: Cable FX Macro

• The options market in euro/dollar sees vol bid on Thursday session ahead of key PCE data and the FOMC meeting. The 1-week tenor now captures next Wednesday's central bank docket

• EUR/USD 1w implied volatility tenor jumped to 10.05% on Thursday.

• Volatility in this tenor is still inside the recent range, however, the relative premium now ticks at 295bps, the highest since mid-December