Volatility is Expected Due to Extraordinary UK Parliament Sitting

Please be informed that a special UK parliamentary session will take place this Saturday, 19 October 2019, where a vote may be held on any Brexit deal achieved at the EU Council meeting this week. An increase in volatility is expected for all GBP currency crosses during the market open.

During this period of expected volatility and unpredictability, please ensure that your margin collateral is properly managed in the period leading up to, during, and shortly after the event – as such periods of heightened volatility may create significant price gaps and lack of liquidity, which can potentially put your account on a margin call.

We would like to stress that Stop Loss Orders are not guaranteed to be filled at your order level; Stop Orders are converted to Market Orders once triggered, and dislocations in available liquidity could result in significant slippage on Stop Orders.

Please note that there will be no changes to margin requirements.

Do not hesitate to contact us at cs@blackwellglobal.com if you have any queries.

All information is made as accurate as possible, but it is intended for guidance only, and is subject to change. Please refer to Blackwell Global’s Updates web page for the latest details.