Trading Conditions Ahead of Italian Constitutional Referendum 20162016-12-01
This Sunday, 4th of December, we are expecting one of the most significant European political events – Italian Constitutional Referendum. Italian citizens will decide whether they want to change the organization of the Parliament or to reject the reforms, proposed by Italian Prime Minister, Matteo Renzi.
Post-referendum scenarios suggest that a ‘No’ vote can provoke a new bank crisis in Europe, cause political instability and panic among investors.
Due to heightened risks for the banking sector, the referendum is expected to have a significant impact on financial markets, including intense volatility, price gaps/spikes, illiquid periods, widened spreads or other unforeseen movements in the markets.
Orbex feels responsible for protecting the interests of the clients, and, thus, might implement enhanced measures to ensure the stability and safety of trading. Please note that the margins requirements might be increased for some or all instruments.
Due to the enhanced protection measures, Orbex strongly recommends you to assess your current positions and make sure that adequate funds are available in your account to support your positions.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.8 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.