A display of U.K., Union Jack flags fly in front of The Houses of Parliament, in London, U.K., on Monday, Feb. 15, 2016. U.K. lawmakers are not the only ones bracing for a tough few months before Britain's referendum on its European Union membership. A gauge of expected volatility for the pound near the highest since 2011 shows traders are expecting a rough ride too. Photographer: Jason Alden/Bloomberg via Getty Images