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Screenshot of a breaking news alert e-mail from Q2 2017
Plus500 Ltd (LON:PLUS) published an official statement yesterday in an effort to curb panic and to provide some information on the delays plaguing the work of its UK business. That statement, however, appears to be ineffective at this point, as the price of shares in the retail CFD and FX broker kept its way down this morning.
In fact, after a couple of hours after the start of trading on the London Stock Exchange (LSE), the price is already down 9.5% and hovers around 430p per share.
This is contrary to expectations, as yesterday’s freefall in Plus500 share prices may be seen as a symptom of market panic, which (at least theoretically) should have waned a little today. But theory and reality do differentiate in the Forex realm, as we see now.
Investors are apparently still focused on the warning messages on Plus500 websites, informing clients of the broker of delays in certain actions and even account freezing (when it comes to the UK subsidiary).
Stay with LeapRate, as we keep monitoring the situation.
Photo credit: Google Finance.