Dear Traders,
We would like to remind you of the upcoming UK General Election will take place on 08 June 2017. The elections could cause market volatility, thin market liquidity, abnormal spreads and potential price gaps in many affected markets.
The snap election was called in light of Brexit negotiations with each party having different view on Brexit and how to proceed. According to latest polls, the Conservatives are currently ahead but a Labour victory will likely rock the markets. Following three recent terror attacks in the UK, this week's party campaigns have been focused on the extremely sensitive subject of the prevention of terrorism which could influence the voting greatly.
Also due on Thursday at 11:45, the ECB will announce their interest rate decision. Although the ECB is likely to keep the interest rates unchanged, it's expected that the Governing Council will take the first steps towards the normalization of monetary policy. Any dramatic changes or suggested changes in monetary policy would also cause market volatility.
For this and more high impact economic events, please utilize our economic calendar: http://www.yadix.com/forex-trading-community/economic-calendar/
Clients that intend to keep open positions during the General Election and the ECB Interest Rate decision should ensure that all accounts are funded sufficiently to avoid any possible margin calls and/or stop-outs.
Best regards,
David Bergman
Yadix Support Team
Yadix Forex Broker
Telephone: +44(0) 20 3239 6117
E-mail: support@yadix.com
Skype: yadix.forex
Yadix a leading ECN/STP financial markets broker and provides direct to market order execution to 14 + liquidity providers with precision and lightening speeds, as such, Yadix welcomes all traders and strategies including expert advisors, Day Traders, Scalping and HFT strategies.
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