Swiss franc peg

[AtW]

[Mich the Tester]

[TimberWolf]

You been spekulating in the Swiss franc?

SNB sets floor to limit franc strength - FT.com

The surprise move prompted the franc to fall 9.5 per cent against the euro

[DimPrawn]

That peg just cost me £3K in lost trades.



Not the worst pegging I've had mind.

[BlasterBates]

It's an ill wind....l

as they say.

[ThomasSoerensen]

It will not last long.

[AtW]

You been spekulating in the Swiss franc?

"Speculation was mounting that he may have been caught out after the Swiss Central Bank unexpectedly devalued the franc last week, producing mammoth losses on one of his currency trades.

It was then that Adoboli’s final Facebook message, believed to have been left on Tuesday, September 6, read: ‘Need a miracle"

Kweku Adoboli: Desperate Facebook message of USB banker accused of £1.3bn fraud | Mail Online

[DimPrawn]

"Speculation was mounting that he may have been caught out after the Swiss Central Bank unexpectedly devalued the franc last week, producing mammoth losses on one of his currency trades.

It was then that Adoboli’s final Facebook message, believed to have been left on Tuesday, September 6, read: ‘Need a miracle"

Kweku Adoboli: Desperate Facebook message of USB banker accused of £1.3bn fraud | Mail Online

Caught me out too.

I've now learned a valuable lesson on stop losses. I didn't have any and it wiped one of my SB accounts.

Ouch!

[AtW]

I've now learned a valuable lesson on stop losses. I didn't have any and it wiped one of my SB accounts.

Is that you Nick?

[eek]

Caught me out too.

I've now learned a valuable lesson on stop losses. I didn't have any and it wiped one of my SB accounts.

Ouch!

It wouldn't have helped you much in this case. The change in Swiss Franc rates was virtually instantaneous and there are clauses with most firms that state when stop losses would cost them money they will ignore them and come and get you for any shortfall in your account.