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Increased volatility expected for the British pound ahead of the United Kingdom elections

The upcoming UK elections will be held on Thursday, 12th December 2019. This critical event may cause considerable volatility in the British pound affecting the related financial instruments available for trading within JFD’s multi-asset solution suite.

Therefore, enough margin coverage is of great importance for your account, and you should only invest money that you can afford to lose. It is highly recommended that you monitor your trades closely during this volatile period.

You can get further market insights as the elections approach, by reading JFD’s daily research articles prepared by our team of experts.

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NOTE (applicable only to clients categorised as “professional”):

The margin requirement for the following instruments will be temporarily increased to 2%:

  • EUR/GBP
  • GBP/AUD
  • GBP/USD
  • GBP/CAD
  • GBP/NZD
  • GBP/JPY
  • UK 100 Index

This change in the required margin will take effect at 6 a.m. GMT on Wednesday (11/12/2019) and will last until 9 p.m. GMT on Monday (16/12/2019).