The Pound is trading flat early on Tuesday, at $1.243, with a ruling from the UK’s Supreme Court expected later today. The top British judicial institution will deliberate if the suspension of Parliament, a move devised by Prime Minister Boris Johnson, is lawful or not. In principle, a decision in favour of reinstating parliament will be beneficial to the Pound.
However, bringing law makers back won’t necessarily move the Brexit process closer to what the markets would see as a positive resolution. Therefore, limited impact is expected on Sterling, whatever the judges’ decision may be.
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.