Daily Update 18/10/2019

Daily Update 18/10/2019

is a multi-asset platform which offers both investing in stocks and cryptocurrencies, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

As part of the ongoing EU Economic Summit, which is entering its second day, Prime Minister Boris Johnson yesterday announced on Twitter that he has reached a “great new deal” with the EU. While the GBP rose to a 5-month high on the news, it later showed a correction when members of Parliament voiced their concerns about the deal, indicating that it might not be approved when it comes to a vote in London tomorrow. The GBP may show more volatility today, when BOE Governor Mark Carney speaks at the International Monetary Fund, in Washington DC at 17:45 GMT.

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Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.

* Cryptoassets are a highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

* Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.

* The information above is not investment advice.

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