LMAX Group, a company authorized and regulated by the Financial Conduct Authority, has emphasized its stance on third-party information. The firm does not verify the accuracy of claims or statements made by third parties and is not liable for any loss or damage resulting from reliance on such information. This message comes amid significant market movements, including potential interest rate cuts by the Bank of England and ongoing trade tensions between the US and China.
LMAX Limited, registered in England and Wales under number 6505809, operates a multilateral trading facility. The company has clarified that its website's information is not intended for residents of the US, Australia, or Singapore. Moreover, it will clearly identify and mark any content it publishes or approves, ensuring transparency for its clients.
In the financial markets, the Pound Sterling is under pressure as expectations mount for a 25 basis point interest rate cut by the Bank of England, possibly lowering rates to 4.5% later today. This anticipation has halted the GBP/USD pair's three-day winning streak, with the pair trading around 1.2490 during Asian trading hours on Thursday.
The broader market context includes a modest USD bounce and a positive risk tone, which have put downward pressure on the XAU/USD pair. This shift in market sentiment is partly due to investors feeling relieved by the de-escalation in overall trade war risks, despite lingering concerns over the lack of diplomatic engagement between the US and China since tariffs were imposed.
Additionally, LMAX Group has reiterated the leveraged nature of FX and CFDs, reminding clients that these products can result in losses exceeding their initial deposits. The firm's registered office is located at Yellow Building, 1A Nicholas Road, London, W11 4AN.