⚠️🔻Volatility Benchmark Dip Propping High-Beta FX: Cable FX Macro

• The CBOE Volatility Index <.VIX> just delivered one of the clearest macro signals of 2026 so far: a sharp drop below the psychologically critical 20 level. After spiking above 30 amid Middle East tensions in March, the index is set to record the seventh largest two-week decline on record.

• For FX traders this meant an opportunity to rewrite the book as dips below 20 <.The VIX> are historically tied to a risk-on regime change, where high-beta FX tend to outperform the rest oof the G10.

• Access our online tools dashboard to keep track of which currencies are most sensitive to volatility. Beta positive readings mean FX moves in line with vol; negative readings mean FX tends to act opposite to vol. Our dashboard studies the last six months of FX and volatility data. Send me a DM for more info.