Leverage on GBP pairs will be reduced due to Brexit
Aayush Jindal
Leverage on GBP will be reduced due to Brexit
A referendum is being held on Thursday, 23 June to decide whether Britain should leave or remain in the European Union.The latest poll by YouGov shows just how close the result of the EU referendum is likely to be. The organisation's latest figures show the Leave camp polling at 43% while Remain is trailing by just one point at 42% - the remainder is still undecided.The GBP markets are expecting significant volatility. While this could bring more opportunity to make profits for traders, the risk of losses will also increase.To reduce the potential risk caused by the volatile market, Titan FX will temporarily reduce the maximum leverage on all GBP pairs to 100:1*between June 20, 2016 and June 24, 2016.Thisreduction will be applied for both currently opened positions and brand-new positions during the period.*Depending on market conditions leverage might need to be lowered without notice.
A referendum is being held on Thursday, 23 June to decide whether Britain should leave or remain in the European Union.The latest poll by YouGov shows just how close the result of the EU referendum is likely to be. The organisation's latest figures show the Leave camp polling at 43% while Remain is trailing by just one point at 42% - the remainder is still undecided.The GBP markets are expecting significant volatility. While this could bring more opportunity to make profits for traders, the risk of losses will also increase.To reduce the potential risk caused by the volatile market, Titan FX will temporarily reduce the maximum leverage on all GBP pairs to 100:1*between June 20, 2016 and June 24, 2016.Thisreduction will be applied for both currently opened positions and brand-new positions during the period.*Depending on market conditions leverage might need to be lowered without notice.