LCG Confirms Positive Outcome from Brexit, Receives FCA Regulatory Fees Query

London Capital Group Holdings plc (LON:LCG) has issued an official announcement highlighting that the firm has weathered the Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term events with a positive outcome. With FX Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term continuing, a number of companies are registering a substantial increase in activity due to the ongoing volatility across all currency markets.

The company has outlined that the results from the British referendum and the resulting volatility across financial markets have been positive for the firm and that it can confirm that the immediate impact of the British population’s vote to leave the European Union is going to play a “materially positive” role for the revenues and the profitability of London Capital Group Holdings plc (LON:LCG).

In an accompanying statement, the firm also mentioned that it has received a regulatory query regarding the amount of its regulatory fee. At present the firm is only regulated by the United Kingdom’s Financial Conduct Authority (FCA).

According to the official announcement, London Capital Group Holdings plc (LON:LCG) is in the process of evaluating the query from the FCA and has agreed to report back to the regulator on the 11th of July 2016 with a full response on the matter.

London Capital Group Holdings plc (LON:LCG) is not expecting the FCA’s query to have any material impact on the day to day operations or on the financial position of the firm.