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Ukshep

Banks warn clients to brace for FX volatility after U.S. vote

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 Ukshep    17,192

Possible last minute signal to grab your money out of the bank?? could this disrupt any of them(not sure if any are struggling right now)? would they need a bailout? just thinking ahead!

Major banks have formally told clients to expect volatile currency markets in the aftermath of Tuesday's U.S. presidential election, with the gap between buying and selling prices that determines the cost of trading expected to widen sharply if Donald Trump were to win.

The warnings issued by the electronic trading platforms run by the market's largest player Citi and rivals Barclays and Goldman Sachs, seen by clients of the banks, have over the past two years become standard 'red flags' ahead of big political and economic set-pieces.

But issued broadly for the first time since Britain's vote to leave the European Union in June, they are also a measure of the scale of risks being attached to Tuesday's vote.

Banks have forecast falls of up to 5 percent in the dollar's value against the yen if Trump were to win and a bounce of 1-2 percent for the greenback on a victory for Hillary Clinton.

A number of retail currency trading platforms have also already raised margins clients must hold against open currency bets for fear of sharper moves in the dollar and Mexican peso. One Goldman Sachs client said the bank told clients on Monday it would not accept new stop loss orders on the peso until further notice.

http://www.dailymail.co.uk/wires/reuters/article-3917424/Banks-warn-clients-brace-FX-volatility-U-S-vote.html

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 Groove    1,689

Could be a warning for if trump wins they will tank the stock market. Sooooo I cashed my pay check instead of depositing it hehe. So if they do want to take my money there's only 85 cents in that acct haha. 

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