The Pound is recording gains versus the Dollar and the Euro during early Wednesday trading. Carrying the momentum initiated yesterday, sterling is defying the low expectations set by a shaky start to the year by gaining almost 1% to the single currency and 1.5% to the Dollar over the last 24 hours. An ambitious, and so far reasonably well deployed, vaccination plan is placing the UK in a privileged position in relation to the EU and the United States in bringing the coronavirus under control and in pole position for the expected post-pandemic economic recovery.
In addition to vaccine hopes, the Pound is also being supported by the words of Andrew Bailey, as the Bank of England governor talked down the case for further interest rate cuts during a speech made on Tuesday, also highlighting the dangers of adopting negative rates.
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.