The pound is gaining ground on both the dollar and the euro during early Wednesday trading, as investors feel reassured by the successful vaccine roll-out in the UK. Compared to the US and European vaccine deployments, the UK’s effort has proven more successful so far with 11% of the population already having received at least the first inoculation. The immunisation of a significant part of the population is seen as imperative in stopping the deadly and economically damaging cycle of pandemic waves and lockdowns. As the markets appear optimistic about the prospects of the UK’s economic recovery, and subsequently a lower likelihood of the Bank of England introducing negative interest rates, sterling is likely to continue to find support.
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.