The Pound is slightly down on the day, as the markets digest the developments of the last 24 hours. Boris Johnson and the EU leaders reached an unlikely agreement for an orderly Brexit, which the DUP subsequently refused to support, making the approval of such a deal by the British Parliament uncertain.
Photo by Massimiliano Morosinotto.
It is still not clear what the outcome for the Brexit process will be. Nevertheless, judging by the pound’s price action, the markets are now pricing in reduced chances of no deal, despite doubts over what Parliament will do on Saturday. Sterling is 5.5% up against the dollar compared to where it was just over a week ago, when there was no agreement in sight between the two sides.
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.