The Pound’s losing streak continues, for the 8th consecutive session, as the market’s post-election hopes turn into apprehension. Many investors supported Sterling in the immediate aftermath of the election, driving it beyond $1.35, in the hope that a comfortable conservative majority would allow for a more constructive stance from Boris Johnson, in relation to the negotiation of a trade deal with the EU and of course the extension of the transition period.
However, the current prevailing market sentiment points at fears, that ultimately, come December 31st 2020, we may still be facing the scenario of an abrupt exit from the EU, without a trade deal; this is why the Pound is declining, as a new sense of reality slowly sinks in.
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.