Europe FX Handover – 16th April 2019


  • Another lacklustre day in FX as yield-seeking investors struggle to work out where to invest with all major central banks recently dropping their hawkish biases

  • As stocks gained further ground, safe haven gold and Swiss franc fell, while the US dollar rose

  • British pound was the weakest major currency despite UK wages data printing +3.5% on a 3m/y basis. This was in line with expectations. Excluding bonuses, earnings were +3.4%, also as expected.


Risk Warning Notice Foreign Exchange and CFD trading are high risk and not suitable for everyone. You should carefully consider your investment objectives, level of experience and risk appetite before making a decision to trade with us. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of the markets that you are trading. Margin and leverage To open a leveraged CFD or forex trade you will need to deposit money with us as margin. Margin is typically a relatively small proportion of the overall contract value. For example a contract trading on leverage of 100:1 will require margin of just 1% of the contract value. This means that a small price movement in the underlying will result in large movement in the value of your trade – this can work in your favour, or result in substantial losses. Your may lose your initial deposit and be required to deposit additional margin in order to maintain your position. If you fail to meet any margin requirement your position will be liquidated and you will be responsible for any resulting losses.