Brokers News

12th of December: UK General Election

The upcoming UK General Election is the next twist in the Brexit progression discussions.

The vote counting will commence at 22:00 GMT on December 12th with the final results expected to be announced shortly after 02:00 on the 13th.

This is a chance for political parties to change the set up in the House of Commons, as well as affecting the future course of leaving the EU and the economic development of the United Kingdom.

What to expect

Volatility can be expected in the few days prior to the election as survey results are released, whilst there may be a lull in movement on the day in the run-up to the first counting stage.

Rapid price movement is likely to occur on UK-related assets as polling results are released, as well as in the aftermath of the result of the Election.

It is generally accepted that the majority of the ruling party, in this case, Conservatives, are favourably perceived in terms of lifting UK stocks and assets.

What to focus on:

FxPro reserves the right to make additional changes to the trading conditions in the days prior to and after the UK General Election, including but not limited to, the increase of Spreads and changes to margin requirements.

In case of extreme volatility and illiquidity, FxPro reserves the right to refuse the opening of new positions, enabling ‘Close Only’ functionality.

Margin requirements for EU Indices will increase to 2% from 12.00 pm on 12/12/2019.

In case you have any questions, please get in touch with our award-winning Customer Support Team 24/5 at [email protected] or call +44 (0) 203 151 5550