For the second consecutive day, the Pound is falling against other currencies and currently trades at $1.2830. Having touched $1.30 earlier in the week, this represents a fall of more than 1.5%.
Photo by Elliott Stallion.
The latest political twist keeping sterling under pressure has a touch of surrealism about it: Boris Johnson is asking for an early election, for which he’ll need the support of Labour MPs; Jeremy Corbyn, the Labour leader, said he will support an early election, but only if the EU has granted a Brexit extension and no deal is off the table. However, the EU will only grant a new extension if the British side has a clearly defined plan. There is an absurdity about the situation and the markets are reacting by once again walking away from 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.