Brexit Lets Battered Brokers Lay Swiss Franc Ghosts to Rest
- FXCM cites 60% boost to its retail pound trades after EU vote
- Increase suggests measures to reduce losses are working
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It took them a year and a half, but retail currency brokers are finally winning back some of the credibility they lost when a shock decision by the Swiss central bank cost them millions of dollars.
The opportunity to redeem themselves came in the form of an equally dramatic event in global markets: the volatility -- and profit potential -- spurred by Britain’s June 23 decision to quit the European Union.