Yesterday the Pound had its best day in 7 months, gaining almost 2%. On Friday the positive sentiment is continuing, and Sterling is already up by more than 0.1%. The markets are reacting to widely reported rumours, that emerged after a meeting between the Irish and British Prime Ministers. These are rumours of a deal between the UK and the EU being within sight, to establish a mutually acceptable solution for a post-Brexit Irish border.
The Irish backstop issue has been the main obstacle to an agreement being reached between the 2 sides; therefore, even though there are no details or official statements about this potential deal, the Pound is finding support as hopes rise that a hard Brexit can be avoided.
Photo by Jaime Casap.
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.