The Pound is down, almost 0.4% against the U.S. dollar. Sterling weakness is justified by the increasing likelihood of a no deal Brexit. Both candidates to be the next UK Prime Minister voiced their willingness to, if necessary, break away from the EU without a deal, should there be no agreement between the two parts.
Photo by Kevin Grieve.
At the same time, sources in Brussels alluded to increased toughness between the negotiating teams in the ongoing talks. In this scenario, there may be more downside risk ahead for the Pound.
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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