The Pound is on the front foot against both the Dollar and the Euro. Sterling is benefiting from the improvement in market sentiment following several announcements of government-led rescue packages and intervention from central banks on an unprecedented scale across the globe.
Markets reacted positively to the latest news of a deal being struck between the White House and Congress for an economic aid package of $2 trillion aimed at mitigating the fallout from the coronavirus crisis on the economy of the United States. Risk related assets recorded gains and the Pound joined the bandwagon. The question now is, will this risk rally be sustainable, or will it be diluted amidst the expected torrent of negative economic performance indicators investors will soon be presented with? Economies across the globe are showing signs of shrinking at unprecedented speeds and that realisation is likely to overshadow any positive sentiment generated by financial rescue packages and intervention.
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.