Currently trading just above $1.26, the British Pound is losing ground against all major currencies, as the effects of Brexit-driven economic uncertainty and a slowdown in internal demand and exports, start to be felt.
Yesterday’s publication of economic data, including industrial PMI’s, pointed to a decline in manufacturing activity, which happened for the third time in a row. The release of this latest set of data accentuated the gloomy outlook for the British economy and the Pound’s decline could become even more pronounced if investors keep turning their backs to Sterling, put off by Brexit-related uncertainty.
Photo by John Cameron.
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.