Weekly Market Analysis: Traders Brace for Brexit Vote

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Weekly Market Analysis: Traders Brace for Brexit Vote

Postby kreslik.news » Mon Jun 20, 2016 1:16 pm

We’re steering clear of EUR/USD and GBP/USD headed into the British referendum (Brexit vote) scheduled for later this week (June 23rd – 24th). The timeline for the vote is as follows:

Voting will get underway on June 23rd and the counting of votes will commence at 10pm on the 23rd after the polls close. The final result will be announced around “breakfast time” on Friday June 24th. The key thing to keep in mind this week is that volatility will likely be high, especially later in the week, and as a result most brokers will increase margin requirements as they expect ... (read more)

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