The Pound is losing ground to the Euro and the Dollar during early Friday trading, following remarks made by the British Prime Minister, pointing to the strong possibility of the UK and the EU failing to strike a post-Brexit trade deal. The EU had also signalled increased readiness for such a scenario by publishing on Thursday a list of emergency measures to be adopted should there be no agreement. Despite the recent sterling losses, the spot forex market is still pricing-in an outcome entailing some form of trade deal between the parties, perhaps interpreting the latest posturing from the two sides as negotiating tactics.
However, every day that passes without positive developments means the risk level for sterling traders continues to rise with a correspondent growth in downside for the currency.
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.