The Pound lost more than 0.3% to the US dollar and is also down against the Euro, during early Monday trading, as the markets brace for a Boris Johnson speech, during which the British Prime Minister is expected to deliver his vision and guidelines for the post-Brexit future of the country. According to reports, Johnson will highlight his government’s refusal to align with EU regulations and employment rights as part of any trade deal – both seen as red lines by the EU. This stance is likely to create friction in the negotiations for a post transition period trade deal.
Such a scenario would be likely to have a very negative impact over the British economy and is behind Sterling’s weakness. Investors are once again pricing-in heightened chances of the UK crashing out of its existing relationship with the European Union at the end of the year, without a trade deal in place.
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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