The Pound continues to fall and has cancelled out the post-election gains, as markets price in fresh risks of a no-deal Brexit. Many investors expected a more constructive stance in relation to the future relationship with the European Union from the British Prime Minister after his convincing win with a comfortable majority at last week’s election.
However, Boris Johnson is so far disappointing those that expected a smooth ride. His intention to limit the transition period that will follow the exit of the UK from the European Union revives the risk of no deal at the end of 2020 and therefore sterling is falling. The re-elected prime minister is adopting a more hard-line stance than many expected and there may be further downside risk ahead for the Pound.
Photo by Frederick Tubiermont.
Has undertaken a number of senior roles in his current employer including running the international desk, responsible for managing sales, customer services and marketing functions for a number of territories, as well as acting as a regular public speaker at events and contributor to TV and other media through interviews and market analysis. Since November 2016 he has been the Senior Executive Officer (SEO) of ActivTrades Dubai branch, having overall management responsibility of the branch. Prior to joining ActivTrades Ricardo worked in the IT and Financial industries.
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© 2019 High Leverage FX - All Rights Reserved.