Admiral Markets Alters Margins Ahead of Italian Referendum
Posted: Mon Nov 28, 2016 3:04 pm
Italy’s constitutional referendum is slated to take place on December 4, 2016, and ahead of the event several brokers are taking precautionary steps to protect their client bases, culminating in the changes of select margins at Admiral Markets.
The Italian referendum is the latest case of a convulsive vote taking place in a large economic bloc, with the Brexit vote in June and the recent US election earlier this month sparking volatility across currency markets. The referendum is very important as a ‘No’ vote could potentially trigger an Italian schism with the rest of the EU. Such a finality could yield ... (read more)