Important Notice: Expected volatility in Sterling market due to UK general election
We would like to inform you that we expect significant levels of volatility in the Sterling market due to the UK general election on Thursday 12th December 2019 (exit polls scheduled to be released at 22.00 GMT).
How your account might be affected
Our analysts foresee a potential for sizeable market gaps following the first exit poll, continuing throughout the following day. It is likely that these developments will also affect EUR pairs and equity index CFDs. We therefore request that you monitor your exposure heading into market close on Wednesday 11th December.
It is important that your accounts have sufficient collateral to sustain this heightened volatility.
We will perform a margin increase for all GBP FX pairs and European Indices at 21:00 GMT on Tuesday 10th December. This will be performed with the following schedule:
|GBPUSD, EURGBP, GBPJPY, GBPCHF, GBPCAD, GBPNZD, GBPAUD, GBPHUF
|ESTX50, FRA40, SPAIN35
For example, if your index positions are margined at 100:1 (1%), they will be temporarily increased to 33:1 (3%). We plan to revert these changes by 19:00 GMT on Friday 13th December or as market conditions dictate.
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