The Pound is down against most of its peers on a quieter than usual European Friday session, due to the May 1st holiday, which is observed throughout most of the continent. The main driver for sterling’s weakness is the change in market sentiment to a more sombre mood, and this will not support currencies that are more closely linked to risk.
The impact of this change becomes clearer when we compare the performance of the Pound versus a traditional safe haven like the Japanese yen, with sterling down more than 0.5%.
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.