IG Group says it managed Brexit exposure "very effectively"; trading in line

Financial spreadbetting firm IG Group said it managed its operations and exposure “very effectively” through Thursday night and into Friday as the UK voted in the EU referendum.

“IG's emphasis has been on assisting clients through this period of uncertainty, through measures both ahead of and during the event. The financial markets may remain unpredictable for some time to come and IG will continue to monitor and manage exposures and client positions very carefully.”

In January 2015, IG suffered heavy losses when the Swiss National Bank’s surprise decision to scrap a three-year old cap on the franc sent the CHF surging against the euro.

The company added that although it was very early in the financial year, it is performing in line with expectations.

IG will release its results for the year to the end of May on 19 July.

At 1547 BST, IG shares were down 3.8% to 808p.