The reduced leverage shall remain in place until Dukascopy Bank has decided that market volatility has returned to acceptable levels. We estimate to return to normal conditions on Wednesday 12-Dec-2018.
Temporary leverage reduction due to Brexit vote
Leverage will be reduced to 30:1 for currency pairs involving GBP and for GBR.IDX/GBP, BRENT.CMD/USD and LIGHT.CMD/USD. It applies to all trading accounts without exception as of Friday 07-Dec-2018 at 18:00 GMT.
We expect an increase in volatility and risk of gaps for these instruments in view of the British parliamentary vote. It is scheduled for Tuesday 11-Dec-2018 to approve or reject the Brexit proposal that prime minister May has negotiated with EU member states.