Dukascopy News
07.12.2018
Temporary leverage reduction due to Brexit vote

Leverage will be reduced to 1:30 for GBR.IDX/GBP, BRENT.CMD/USD and LIGHT.CMD/USD. It applies to all trading accounts without exception as of Friday 07-Dec-2018 at 18:00 GMT.

We expect an increase in volatility and risk of gaps for these instruments in view of the British parliamentary vote. It is scheduled for Tuesday 11-Dec-2018 to approve or reject the Brexit proposal that prime minister May has negotiated with EU member states.

The reduced leverage shall remain in place until Dukascopy Bank has decided that market volatility has returned to acceptable levels. We estimate to return to normal conditions on Wednesday 12-Dec-2018.