Spot FX £/USD - High vol. leading to huge trading
A combination of high volatility across financial markets and the reliability of the IG Index PureDeal platform helped IG Index report 5.1 million trades in October.
The current financial climate means world markets are experiencing unprecedented levels of volatility in areas including indices, shares, forex and commodities, and this in turn helped to produce record levels of activity through their PureDeal dealing platform last month.
Why so many trades?
Currency bets have been a notable driver of recent trading activity across their range of global brands, as the ongoing volatility in global economies has led to unprecedented interest rate cuts around the globe. Little more than six months ago one pound would buy you almost two dollars, but in November sterling had plummeted to under $1.50 as deepening evidence of a prolonged UK recession fuels calls for further cuts in the repo rate.
Whether you believe that the $1.50 level will see sterling rally as it has against some other currencies, or if you think there is further scope for renewed selling in the pound, you can choose your position with IG Index which has a huge choice of over 60 currency pairs, including Spot and Forward rates at extremely competitive spreads.
PureDeal has been specially designed to reliably process large numbers of trades. The platform features superior technology – including super-fast execution, a live Reuters news feed and market-leading charting package – round-the-clock dealing and support, plus a huge range of markets.
Highly volatile markets can present the opportunity for a sudden move in your favour as well as against, and IGindex also offer a full compass of guaranteed and non-guaranteed Stop and Limit Orders as part of their Risk Management service.
Click here to go to IGIndex and read more about their currency dealing serviceThe above comments do not constitute investment advice and we accept no responsibility for any use that may be made of them. Please read our terms and conditions.