BREXIT – A possible second episode of Black Thursday for small-mid size FX
Posted: Wed Jun 22, 2016 3:49 pm
This guest article was written by Claudiu Ghebaru who is a veteran in the FX industry.
Less than a year and a half has passed since the infamous 15th of January 2015. At that time, SNB took a sudden decision and stopped keeping the Swiss franc around the 1.20 level. Everybody knows what happened and a nightmare became the new reality in less than an hour. Some of the most prestigious companies announced huge losses, while others lost as much as 90 percent of their market capitalization and were forced to rise additional funds, in order to keep running their operations.
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