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GMO Click’s UK Arm to Cut Leverage on EUR/USD During Brexit Week

Posted: Wed Jun 15, 2016 1:03 pm
by, the UK-arm of the leading global broker GMO Click based in Japan, has today announced a temporary adjustment of its margin requirements due to the UK’s referendum vote on EU membership on June 23rd, as the company expects high volatility in pairs such as the EUR/USD which it noted in its circular to clients.

The news follows after the company made a similar announcement for its GBP-related currency pairs last week including in GBPUSD, GBPJPY and EURGBP which were changed to 2% margin or 50:1 leverage, and followed now with a 50% cut on leverage for EUR/USD to 100:1 ... (read more)