Broker Leverage Reductions

Today my broker announced that as of tomorrow evening they will temporarily reduce leverage (from 100:1) to 50:1 on all USD, EUR, JPY, GBP pairs and 20:1 on all CHF pairs and spot XAU & XAG. Existing positions will not be affected by the new leverage requirements. They cite this is in the best interests of clients and their capital with large events coming up with the ECB & Greek elections and will return to normal leverage once volatility has been 'normalised'

I think this is a fairly sensible move - what do you think?

Well it is a prudent move but I think its scope is too broad. If this is just concerning the ECB events then why lower leverage on currency pairs that is the most liquid and really are not going to impacted by this major new or any news like USD/CAD, USD/JPY? Maybe lower leverage for just EUR-related pairs and maybe GBP-related pairs seeing that Britain is located in Europe and might also be affected. But after this SNB event, I don't think we traders would have much stomach to speculate on volatile events anymore especially that we are all broke after the Big Bad Banks took all our money. So we will just let the "Big Boys" play with their liquidity among themselves,
screwing each other, the way they have always wanted. LOL

Well before this SNB event, my broker lowered the leverage on just the EURCHF pair back in Dec and no any other pairs besides the USDRUB pair.