Despite general Dollar weakness, driven by the worst US industrial output data of the last 10 years, the Pound is still losing ground to the Greenback.
Photo by Jaime Casap.
The Irish border issue continues to stand in the way of the any possible agreement between the UK and the EU. According to reports leaked to the media, Boris Johnson’s plan to deal with the issue has already been turned down by the European Union, meaning there will be no agreement between the 2 sides and, unless there is another postponement, the UK is set to leave the Union on the 31st of October without a deal. This explains why the Pound is once again under pressure, as the markets see a no deal scenario as the worst possible outcome for the process.
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.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.