The Pound lost 0.25% of its value to the dollar during early Wednesday trading. This price action follows last night’s televised debate between Boris Johnson and Jeremy Corbyn, as well as lowered expectations on the US and China resolving their trade dispute. The debate between the leaders of the two main UK parties proved inconclusive, cooling down the market’s anticipation of a swift post-election Brexit resolution.
But sterling is also under pressure from events happening elsewhere. The US Senate approved bills seeking the protection of human rights in Hong Kong in a move likely to increase tensions between the two countries and hinder the progress of the ongoing trade talks.
Photo by Jason Wong.
As a result, risk related assets, like the Pound and the Euro, are suffering losses, while the Japanese Yen, traditionally seen as a safe haven, is up 0.27% and 0.35% respectively against the single currency and Sterling.
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.