The Pound is up by more than 1.10% to the Dollar and the Euro, as the European Union signals unprecedented optimism on a possible Brexit deal. Pound traders started to hedge their short positions, as it appears increasingly likely that a deal between the two parts will be reached before midnight. This means the UK prime minister may have the chance to seek parliament approval for an exit deal this Saturday and avoid a new extension to the exit date.
It is far from guaranteed that such deal will obtain enough support in parliament, as the Boris Johnson isn’t supported by a majority, but the prospect of a negotiated Brexit, at this stage seen by the markets as the best possible outcome, is enough to propel Sterling to almost 5-month highs.
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.