General election polls close at 10pm on 6 May but with IG Index you can continue to take a position on forex pairs and the FTSE – even when the underlying market is closed.
We offer a number of key stock indices and forex markets throughout election night, including FTSE 100, GBP/USD and EUR/GBP, so you can open, close and adjust your positions as the results are announced live across the UK.
24-hour markets, 24-hour support
Make us part of your election evening, and enjoy:
- Live Twitter election service: market commentary and updated prices as results come in
- Wide range of 24-hour markets: 16 global stock indices and over 60 forex pairs
- 24-hour dealing support: online and on the phone
- UK interest-rate markets and Gilts from 1am Friday morning
- Pre-market updates: find out the expected market opening levels from 7am each day
- Volatility bets: utilise our extensive range of Binaries and Options
Increased market volatility
Markets are expected to be especially volatile on election night. Some analysts are suggesting that a Conservative victory, and the promise of drastic action to reduce the budget deficit, could boost sterling [1]. In contrast, the prospect of a hung parliament has already caused the markets to take a tumble. [2]
Periods of enhanced volatility can provide excellent opportunities to make quick returns, however they also create the potential to make large losses. Therefore it is vital to ensure you have a risk management strategy in place
Using Guaranteed Stops allows you to close your position at exactly the level you select, so you know from the outset the maximum you could lose. We also offer a full range of other risk management tools, including Trailing Stops and normal stop orders.
Please note, if you do not use stop orders it is important that you fund your account to cover any potential losses. This will ensure your running positions remain open.
Not yet a client?
If you are not yet an IG Index client, but want to spread bet on election night, there is still time to apply for an account before May 6. Visit our Apply Online page to get started.
Source: [1] Citywire (16 April 2010)
Source: [2] Guardian (1 March 2010)
Updated: 04/05/10