At least 188M of $GBPUSD 1.3075 puts printed, 216 pips under spot 1.3291. With them came 185M of 1.2850 puts and 131M of 1.3100 puts. The 9 day RR25 is 0.54 vols toward puts, so downside cover costs more, with UK growth at 1.4% over a 1.2% forecast. All 3 expire Nov 6 2026.
