The Pound lost approximately 1% of its value, in relation to the US Dollar, following yesterday’s votes in the British parliament. Lawmakers delivered a mixed verdict, approving the Brexit withdrawal bill but rejecting the government’s proposed timetable for its implementation, meaning that almost certainly there will be a new Brexit extension.
The markets reacted negatively to this latest delay, because it means more uncertainty, with the likelihood of a UK general election before the end of the year. However, Pound losses were only a fraction of the gains accrued during the last 10 days, meaning the markets still believe a negotiated Brexit to be the most likely 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.