The pound is gaining ground to the euro during early Wednesday trading, on what is now the third consecutive day of losses for the single currency. The success of the UK’s vaccine rollout, especially when compared against a clunky European process that has so far delivered unsatisfactory results, raises concerns that the eurozone’s return to normality may take longer than some predicted, and justifies greater optimism over the speed of the British post-pandemic recovery. Sterling is finding support, with the prospect of no-deal Brexit no longer weighing on the currency and lower likelihood of the BoE introducing further interest rate cuts, which could drive further gains against the euro.
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.