BREXIT

[Maverick]

My favourite GKFX Spreadbet with the DAX - Margin will go up from 0.5 to 3%

EURGBP 0.2 to 4%

GBPCHF 0.2 to 10% . . . ouch !

http://s3.gkfxcdn.com/userfiles/docs/EN/BREXIT_SBVARIABLE.pdf
http://s3.gkfxcdn.com/userfiles/docs/EN/BREXIT_SBVARIABLE.pdf
What does this mean for me . . . a £1 bet is reduced to £0.34

 

[Enivid]

Time to switch to non-GBP pairs. And probably non-EUR too...

 

[Maverick]

What really **** me off is when the broker says he is doing for MY benefit

 

[Enivid]

They are not incorrect when they say so. Limiting the leverage reduces the size of the positions you will probably open. Which in turn reduces size of the negative balance you may go down to in case of something like Swiss franc January 2015 event.

 

[Maverick]

something like Swiss franc January 2015 event.

Which was goodbye Alpari. Alpesh Patel was heard as saying he hopes to do a years money during the course of the event.

 

[JanPatterson]

It'll take much time, I mean Brexit.

 

[Serafeen]

The decision to leave the European Union caused a real political earthquake in the United Kingdom, forcing David Cameron to resign. And the country has spent the last two and a half years trying to agree on the kind of relationship it wants with the European Union, while the government of Prime Minister Theresa May was negotiating the terms of the separation.n A first "divorce settlement" between London and Brussels was announced on November 25, 2018 and May's original intention was to put it to a vote in the British Parliament on December 11.
But the British Prime Minister backed out at the last minute when it became clear that she did not have the majority required for the agreement to be approved, promising to come back with a better one.