British Pound Outlook Hopes for European Union/UK trade deal have been apparent in GBP derivative markets for weeks , and FX options remain a decent alternative to cash for those who want to benefit from a GBP rise with limited risk. Long GBP/USD cash retains the risk of no deal, interim volatility and stops, even those well below the current spot, especially over the U.S election . But simple GBP call options give owners the right to buy GBP/USD at a predetermined level (strike) and expiry, only risking an up-front premium. GBP/USD would also benefit from a Democrat sweep in the U.S election, which should pressure the USD, as U.S fiscal hopes buoy risk sentiment. Or a two-month 1.3500 GBP call digital would return 4:1 if GBP/USD was above 1.3500 on Dec. 29. Options strikes and expiries can be tailored to suit.