US Election 2016
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US Election 2016

 

So after months of campaigning the result is finally in and Donald J Trump is the 45th President of the United States. The night unfolded very much like that of the Brexit vote, with initial polls putting Hillary Clinton well in the lead early on. It all came down to a few swing states such as Ohio and Florida that had previously been Democratic and had this time swung in Donald Trump’s favour.

The movement in the markets since the results have been filtering through has shown that there was real uncertainty over the result and uncertainty over what it means going forward for the US dollar and major equity markets. After changing our margins over the last 24 hours GKFX will now revert back to its normal margin requirements as detailed in below.

From tomorrow 10th November 2016, 08:00am UK time the default margin settings will be reinstated again. You will find all product details in our Market Information Sheets published on our homepage.

Until further notice, the below mentioned products will remain on ‘Close-only’*.

FX MARKET US ELECTION
MARGIN (LEVERAGE)
USDDKK CLOSE ONLY
USDMXN CLOSE ONLY
USDRUB CLOSE ONLY
USDSAR CLOSE ONLY
USDTHB CLOSE ONLY
MXNJPY CLOSE ONLY
SARJPY CLOSE ONLY
THBJPY CLOSE ONLY
TRYJPY CLOSE ONLY
ZARJPY CLOSE ONLY
USDZAR CLOSE ONLY

Please note that any changes of margin and spreads are made in accordance with our Terms of Business and are ultimately in place to protect our clients.

Should you have any issues closing your positions on your platform you can contact our dealing desk 24/5 during market hours (Sunday 10pm to Friday 10pm UK time) on +44 207 186 1212.

*Please note that the provided information is subject to change.

RISK WARNING

All financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors and you can lose more than your initial deposit. Please ensure that you fully understand the risks involved, and seek independent advice if necessary.See our full Risk Warning and Terms of Business for further details.

Our products are traded on margin and carry a high degree of risk. Losses can exceed your initial deposit.