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Brexit: The latest updates for your trading

October 30, 2019 12:00

Brexit update and your trading

Dear Trader

Like us, you have been following the "complex negotiations" designed to allow the United Kingdom to exit the European Union as smoothly as possible.

A deal has been agreed between the United Kingdom and the European Union that allows for a transitional period which can last up to the end of 2022. During this period, the United Kingdom would no longer form part of the European Union but trading arrangements would remain unchanged.

The terms of this deal were approved in principle by the British Parliament. However, the parliament did not approve the timetable proposed by the government to closely consider the terms of the deal.

It is now very unlikely that the terms of the deal will be approved by the British Parliament election on 12 December 2019.

The European Council is considering whether to grant a request for an extension to the United Kingdom's leaving date.

The initial reaction from Donald Tusk has been positive and commentators generally agree that an extension should be granted.

We believe that this process will continue and there will undoubtedly be surprises along the way.

We are committed to providing continuity of service to our valued customers through our UK operation as well as our EU-based or Australian entities.

Even in the event of a no-deal scenario, traders may at their own initiative continue trading with our UK firm with the benefit of UK regulatory protections, which currently is in line with EU law.

As a global brand, Admiral Markets offers the same trading conditions around the world, including competitive spreads, market-leading software and qualified customer service. One world, one broker: We are there for you, wherever you are.

As a trader, one of the most important decisions you have to make is to choose the right trading partner. This is us.

Kind regards,

Admiral Markets

Trade Forex & CFDs