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Brexit Referendum May Rattle Forex Market

Brexit Referendum May Rattle Forex Market

Forex Market; please be advised that the upcoming EU referendum in the UK taking place tomorrow, June 23rd, 2016 may trigger abnormal market conditions such as:

  • Extreme market volatility
  • Thin market liquidity
  • Abnormal spreads
  • Pricing gaps

In response, forex market brokers may be implementing the following measures (for specific/ all instruments) this week, and especially on Thursday, 23 June and Friday, 24 June 2016:

  • Trading switch to close-only mode
  • Leverage / Margin adjustment

Nigeria News advised that when planning your trading strategy, please take the aforementioned risks into account and ensure that you have sufficient funds in your account to cover any extra margin.


Rev Francis Waive

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