Dukascopy extends 30x GBP and EUR leverage limits in wake of Brexit vote volatility LeapRate

June 24, 2016 BY LeapRate Staff

Dukascopy extends 30x GBP and EUR leverage limits in wake of Brexit vote volatility

Geneva based retail forex broker Dukascopy Bank has announced that it will be extending its leverage limits offered to currency traders, in the wake of yesterday's pro-Leave Brexit vote, and the volatility in financial markets which has ensued. Dukascopy has also put in place position limits for clients. The leverage and position limits will remain…

June 24, 2016 BY LeapRate Staff

Saxo Bank: Our clients gained through Brexit trading

Denmark-based retail forex broker Saxo Bank has put out a statement about trading conditions in the current post-Brexit vote environment. LeapRate readers will recall that Saxo Bank was one of the first Forex brokers to limit trading leverage given to clients by raising margin requirements for most open and new trading positions, which seem to…

June 24, 2016 BY LeapRate Staff

FCA post-Brexit statement hints at new UK legislation for financial regulation

The FCA's statement included phrases such as 'until the Government changes the applicable legislation'.

June 24, 2016 BY LeapRate Staff

easyMarkets reports no client negative client balances in post Brexit trading

As we continue to bring LeapRate readers feedback and news from across the FX trading universe in the wake of yesterday's pro-Leave Brexit vote, we have received a statement from CySEC regulated broker easyMarkets about trading conditions at the firm. LeapRate readers will recall that easyMarkets was one of just a handful of FX brokers…

June 24, 2016 BY LeapRate Staff

David Cameron resigns as British PM in wake of Brexit vote

Surprisingly, the British Pound rallied somewhat at the time of Cameron's resignation speech.

June 24, 2016 BY LeapRate Staff

Brexit win: GBP down 11% to 1.33, EUR below 1.10, JPY up 5%, Bitcoin up 8%...

Well, the next spike is here. While not totally a surprise like last year's move by the Swiss National Bank to stop artificially holding down the value of the CHF leading to a 20% spike in the value of the Swiss Franc, Thursday's somewhat unexpected win by the Leave side in the historic Brexit vote has…

June 23, 2016 BY LeapRate Staff

Traders predict 81% chance of Remain win as FX and Equity markets surprisingly calm on Brexit Day

Is it the calm before the storm? Or just plain ol' calm? With Brexit Referendum Day finally here and UK residents well into their day of voting, financial markets were behaving quite nicely with a very clear positive risk-on bias. In the UK, the FTSE 100 was up 1.5% two and a half hours into…

June 22, 2016 BY LeapRate Staff

Brexit vote result: It will be all about the Undecideds

This article was written by Patrick Latchford, CEO of FCA regulated broker Blackwell Global. Interestingly, Blackwell has recently sent out a note to clients indicating that it will institute a no-new-trades policy tomorrow once voting actually begins. “The Undecideds”, coming to a cinema near you The Brexit vote has all the ingredients to make a…

June 22, 2016 BY LeapRate Staff

IG political binary market shows 77.5% chance of Remain winning Brexit vote with 1 day to go

With just one day to go until the UK Brexit referendum actually happens, the chances of the Remain side winning seem to be rising. At least according to those putting real money down on the final result. We have been following the Brexit Barometer created by leading online trading firm IG Group Holdings plc (LON:IGG) over…

June 21, 2016 BY Mike Fox

DMM FX halts trading in GBP and EUR pairs

DMM FX Australia, who is closing up shop this summer as reported by LeapRate back in May is taking no extra risks before winding down. Today they notified current clients that due to an increased risk following the Brexit referendum and to further protect clients’ positions during this event, trading will be suspended from 07:10hrs (server time) for…

Tag: brexit