The pound is under increasing pressure, as a growing number of Bank of England officials have now voiced their support for a rate cut. Sterling is down 0.37% against the Euro and 0.25% against the Dollar during early Monday trading, following this weekend’s publication of an interview with Gertjan Vlieghe, a member of the Bank of England’s Monetary Policy Committee, who signalled his support for a rate cut, unless the country’s economic data improves.
There may be further downside risk ahead for the pound later today, with the publication of GDP and industrial production figures, which, if negative, may further strengthen the case for a more accommodative monetary policy.
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.