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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Short Sterling

(SON3=)

Short Sterling chart This market's chart. This is a visual representation of the price action in the market, over a certain period of time. You can use this to help gauge a market’s performance.

  • Costs and details
  • Markets to trade

Minimum size 0.25

Contract size GBP 25

One Pip means 0

Value of one Pip GBP 25 (USD 32.39)

Margin 20%

Minimum stop distance 3

Minimum guaranteed stop distance 25

11:30 - 22:00 (Gulf Time Zone)

Your aggregate position in this market will be margined in the following tiers:

Tier Position size Margin
1 0 - 10.4 Contracts - GBP 20%
2 10.4 - 41.6 Contracts - GBP 20%
3 41.6 - 62.4 Contracts - GBP 20%
4 62.4 + Contracts - GBP 20%

If your aggregate position is larger than Tier 1, your margin requirement will not be reduced by non-guaranteed stops.

Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.

Expiry date 17/12/24

Last dealing date and time 17/12/24 15:00


Settlement


Settles based on the Exchange Delivery Settlement Price (EDSP) of the Short Sterling futures on LIFFE +/- IG dealing spread.

Last rollover time 17/12/24 14:45


Rollover info


Usually, initial position closed at official closing level of day before last dealing day +/- closing spread; new position in next contract opened at official closing level of the new contract from same day, +/- opening spread.

Why IG?

Wide selection of bonds and rates

Off-exchange, so you can deal in fractions

Easy-to-use dealing platform and apps

Discover opportunity in-platform

Discover opportunity in-app

Open a free, no-risk demo account to stay on top of market movement and important events.

Reuters news feed

React to the latest market-moving news in-platform, where you need it

Three types of alert

Be notified when a market changes an amount, hits a level or fulfils your technical conditions

Economic calendar

Plan your trades around the macroeconomic events affecting bonds and rates, with customisable alerts to remind you ahead of time

Spot markets

Trade the Bund and more without monthly expiries

Reuters news feed

Three types of alert

Economic calendar

Spot markets

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1Based on revenue (published financial statements, 2023)