The Foreign Exchange Professionals Association (FXPA), a US trade group of forex professionals, issued a statement commending the forex trading industry for its conduct before and during the Brexit shock and its preparations, which resulted in the relatively smooth functioning of the currency markets in the first hours after the referendum results were announced. “The FX industry prepared for this unprecedented event with enhanced staffing in all areas throughout the night, with technical and capacity planning,” the FXPA said. “The British pound dropped precipitously as the Brexit vote became known, yet the FX ... (full story)