Brokers Likely to Hike Margin Requirements Before French Election Volatility

[kreslik.news]

Danish multi-asset brokerage Saxo Bank has issued a note to clients, preparing them for volatility and uncertainty across the euro crosses and European indices. As France heads to the polls on the 23rd of April, the FX market is likely to be abnormally volatile in the aftermath of the results.

The first round of the French election is on a Sunday, an already different scenario from the Brexit referendum and the US election. While the two most volatile events for the financial markets last year were occurring as the FX market was open, the first results from the French election polls ... (read more)