The pound recorded modest gains against both the dollar and the euro, following an eventful Tuesday in British politics. Lawmakers voted to call an early parliament election, which will take place on December 12th.
The subsequent lack of significant sterling movement reinforces the view that taking no-deal Brexit off the table was the key factor behind the October pound rally and investors will now wait. A significant deviation on the current value of the pound is unlikely until a clearer picture forms over what will be the composition of the next parliament.
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.