The Pound is down almost 0.3% to the US Dollar, trading at around $1.24, on the day when the next British Prime Minister will be announced. It is widely expected that Boris Johnson will emerge victorious when the results of the Tory leadership election are announced later today.
There are several challenges awaiting the next Prime Minister: growing tension in the Gulf, a potentially shrinking economy, but none as important as Brexit. Mr Johnsons stance is well known deliver Brexit, do or die, and this is probably why the Pound is on the back-foot today, because under a Boris Johnson premiership a no-deal exit from the EU becomes more likely.
Photo by Samuel Zeller.
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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