13.You buy a one year interbank call option on British pounds, only to hear the next day that the UK Prime Minister has scheduled a surprise announcement in Parliament in one hour. You look at the listed options market and see that implied volatility on British pound options has gone up by 20%, but the exchange rate is unchanged.

This is bad news for your position

This is neutral for your position

This is good news for your position

There is no way to tell how this affects you