Banks in the City of London have withdrawn all leave around the Brexit deadline at the end of October. They take into account exchange rate fluctuations of up to 10 percent on the British stock exchange or the pound sterling when the United Kingdom leaves the European Union. In particular, the trading floors of the banks will be well occupied during the days around the Brexit.
Market volatility offers both opportunities and threats for traders. Among other things, what makes Brexit special is the deadline that has already been postponed twice and that may be repeated. The many possible outcomes and the potential extent of price fluctuations also make the situation exceptional.
In the worst case, it becomes clear at the last minute that the Brexit will continue. Traders are then in the middle of the American stock exchanges, but before the opening of the stock exchanges in Asia. At that time, liquidity in the market is low and the risk of sudden movements is greater than usual. The financial institutions therefore also provide additional scope for available resources.