After losing ground to the Dollar and the Euro during Thursday’s trading, the Pound regained the front foot during early Friday trading following press reports that Prime Minister Boris Johnson’s closest advisor is set to leave his post by Christmas. The claims that Dominic Cummings will leave his role at Downing Street, followed in-fighting within Johnson’s inner circle and represents a blow to Brexit hardliners. Given the continued uncertainty surrounding the outcome of the post-Brexit negotiations with the EU as well as the bleak economic and the continuing healthcare crisis in the country due to coronavirus, the fact that investors are this morning backing the Pound suggests the departure of Cummings means there is an increased likelihood of a softer break from the EU.
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.