The Pound is down versus all other major currencies as European trading warms up on Friday. Despite the slight drift in market sentiment towards a greater appetite for risk, sterling appears to have missed that train, on concerns about the country’s economic prospects. Yesterday the UK government extended the lockdown for another three weeks, as the coronavirus infection and fatality rates haven’t yet reached their peak while the Office for Budget Responsibility warned of a drop in GDP in the order of 35% during the second quarter of 2020. Then there is the ‘small matter’ of Brexit which, with time running out, is still there to be dealt with. All in all, today’s drop may just be the forerunner to more testing times 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.