Britain Votes to Leave: What Next for Traders?

Dear Trader,

An unexpected Leave victory for the British referendum took many by surprise, including the financial markets around the world. The pound has fallen to its lowest in 31 years against the dollar, breaking the 1.32 level, and the UK’s credit rating has been downgraded. Global equities have fallen while the Yen and Gold currently maintain their status as a “safe heaven”. The uncertainty of what happens next has left markets in a tenuous position.

Let’s now focus on what lies ahead and what you as a trader should be thinking about to decide your next move. Our DailyFX team has launched a Brexit Aftermath Analysis Directory to help you understand market reactions, how to find potential opportunities with increased volatility, and what is to come. It is designed to be your content hub in navigating the next few weeks and we invite you to start now: Visit our Aftermath Analysis Directory

Watch and keep up to date with the changes in the market sentiment with our SSI tool.

Examples above are not live prices and are for illustration purposes only.

Remember that forex and CFD trading can result in losses that could exceed your deposits and therefore may not be suitable for everyone, so please ensure that you fully understand the risks involved.

If you have any questions please contact one of our FXCM specialists, who are available 24 hours a day, by live chat, by calling +44 (0)20 7398 4050, or by e-mail [email protected].