A roller-coaster day for the pound with it almost reaching $1.30 following the announcement of a Brexit deal between the EU and the UK only to then lose all the day’s gains in the aftermath of the refusal by the Northern Irish Democratic Unionist Party to back such an agreement.
It is widely assumed that without the support of the of DUP the deal is condemned to be voted down by parliament, as the hard Brexit wings of the Conservative Party made their support conditional to the deal being accepted by the DUP. In practical terms this means that a new extension to the exit date is now more likely.
Consequently, the pound erased earlier gains and is now unlikely to test the $1.30 resistance level again, at least not until there is another clear solution within sight.
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.