Tuesday trading is so far marked by risk avoidance, as the coronavirus causes the return of lockdowns in several countries and Sino-American tensions escalate over territorial claims in the South China Sea. This climate is of course supporting safe havens, including the Dollar, and penalising risk related currencies.
Among these, the Pound appears particularly vulnerable. UK GDP figures for the month of May, published earlier today, revealed a growth of only 1.8%, disappointing many, particularly after the 20% contraction seen in April. With the virus still not under control, the prospect of a no-deal Brexit and a lacklustre economic performance, there may be more downside risk ahead for the Pound.
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.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.