ECONOMIC NEWS 2OTH TO 24TH JUNE AHEAD OF BREXIT

Economic news ahead of Brexit 

Brexit: The most anticipated event on the 23rd of June, its been the most talked about event  for the past few weeks. Brexit refers to British people voting for UK to leave or exit the EU, hence it is called the Brexit. EU (European Union) is the economic political union consisting of 28 member states that are located primarily in Europe (UK being one of them). High  volatility is expected, most traders are well prepared and so are brokers. Some traders have been asking themselves if this event can harm some brokers just like the Swiss peg event (it happened back in Jan 2015 and it was very unexpected). There is a huge difference between the two, this event is scheduled and it has been all over the news for some time now. Brokers are well prepared and have been communicating with traders (only traders who pay attention to emails though), there’s been updates and warnings, leverage and change of spreads for GBP pairs.  We also have another area of focus this week, EUR news (which is a ruling by Germany’s constitutional court on the 21st of June, time is not specified). Later in the day, Fed chair Janet Yellen will also appear before lawmakers in the U.S to discuss monetary policy and the state of the economy. Below are the economic news to look out for this week.