Christmas canceled for traders as Brexit goes down to the wire
Greg Ritchie and Viren Vaghela, Bloomberg News Brexitâs unpredictable dynamics have whipsawed markets for the past four years. , Simon Dawson/Bloomberg
For London traders hoping to unplug over the Christmas break, their managers have a message: be ready to work.
With Brexit still unresolved before the year-end deadline, many firms are warning staff that the usually quiet festive period could turn frantic. Traders are being told to have their laptops close to hand or return to the office when news breaks.
âItâs not all âdown toolsâ on Christmas Eve to the fourth of January, unfortunately,â said Neil Burns, operations director at foreign exchange trader Monex Europe. âThe planning and uncertainty has easily been the most difficult thing weâve seen.â