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New GBP/USD margin


cate

Question

Hi @JamesIG,

I'm just finishing preparing my account for the new margin requirements, and making sure I've got enough in the account to cover my open orders. Can I ask about GBP/USD? 

Ever since Brexit uncertainty started it's had a higher margin requirement. So today a mini lot requires £100 to open it (which the info tab tells me is 1%, unlike the 0.5% on other major pairs). After the weekend will it just go to 3.33% like the other majors, or will it continue to have that extra margin on top because it's risky? At the moment I'm assuming the requirement will go from £100 to roughly £333 - is that correct?

Many thanks,

Cate

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