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Important ECB Announcements

Wednesday 21st of January 2015

This is to inform you about the key ECB announcements expected tomorrow (Thursday, 22nd January, 2015)

All eyes will be on the ECB and Draghi for tomorrow's press conference (1:30 PM GMT) With the ECB's interest rate decision also being held tomorrow ( 12:45 PM GMT) and a strong belief held that the ECB will use this meeting to announce details regarding their quantitative easing program. Markets and spreads are likely to be extremely volatile and will widen during this period.

In preparation for ECB's QE/Rate announcement please ensure your account's exposure is kept to a minimum and is well capitalized to avoid liquidation. IC Markets will be changing the leverage across all pairs to 100:1 during the Asian session tomorrow. Any account with an exposure of greater than 50 times its value will be assessed for liquidation/position reduction prior to the announcement.

The reduced leverage will be effective until 26th of January 2015, post which normal leverage will be assessed on pairs.