The pound gained almost 0.5% against the US dollar yesterday following the Brexit party’s decision to not divide the leave vote, standing aside in constituencies where the Conservatives are likely to win. This is good news for Boris Johnson as he’s now more likely to obtain the majority required to approve his EU exit deal. The markets reacted positively, as such a scenario will finally end the prolonged uncertainty that, to some extent, has paralysed the British economy over the last three and a half years.
However, today the pound has shed around half of yesterday’s gains as even though a Conservative majority is now more likely, nothing is guaranteed and the upcoming election may yet provide a surprise result, with many marginal seats still up for grabs.
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.