The eurozone has been an indicator and a desirable target for many countries. But Brexit has shown that not everything is going smoothly there either. Few in the financial industry were ready for this, but everyone learned a lesson from this event, which shook financial markets. This was followed by the US presidential election, which also brought unexpected results. The market was in a fever for many days after the announcement of the results. Now, on December 4, brokers are preparing for a referendum in Italy.
So, the countdown has begun. There are 2 days left before the referendum. There is already an increase in volatility in the market, but its peak will be on the eve, the day itself and a few days after the event, regardless of the results.
Margin requirements will be changed to a number of trading instruments on all platforms. Brokers are already warning investors. The existing positions will remain unchanged.
So, we are waiting for the results, because this referendum, if the Italians decide to leave the Eurozone, could start the collapse of the EU. With corresponding consequences in the financial market.
