The British pound is steady today after yesterday’s wild trading session as investors get ready to place their bets in the lead up to the Brexit vote.
It is not known who may have made the mistake.
The market is now expecting the British currency to jump or fall around 20 percent depending on the results of the Brexit vote and some brokers are already moving to limit risky trades so they don’t go out of business.
“Obviously, Brexit is going to be dominating things between now and the end of June,” said Dean Popplewell, vice president of currency analysis and research at Oanda.
Credit ratings agency Standard & Poor's has warned that the pound could lose its place as one of the world's major currencies should Britain vote to leave the EU.
The noted that foreign direct investment and other money invested into the UK would cease and London would lose it’s status as a major financial hub.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor accounts lose money when trading CFDs with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
IMPORTANT: Please be informed, that our services are available for Professional Clients only. Our website is currently under review for the implementation of the correspondent amendments.
|By clicking "Continue" you will be redirected to the website operated by FIBO Group, LTD company registered in BVI and regulated by FSC. Please familiarize yourself with the Customer Agreement through the link. Click "Cancel" to remain on this page.|