The Pound is testing the $1.30 level on the morning of yet another potentially decisive day for the Brexit process, as Prime Minister Boris Johnson tries to get parliamentary approval for his withdrawal bill and timetable in time for the October 31st deadline.
Should he succeed, the pound is likely to continue to rise and few will be surprised if it reaches $1.35, as the markets will at this stage see a negotiated exit from the EU, with a transition period, as the best possible outcome. On the other hand, if the forces opposing the government’s plans succeed, sterling is likely to retrace some of the recent gains, as uncertainty over the outcome of the process will once again make the pound unattractive to Brexit-fatigued investors.
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.