The Pound’s reaction to the Conservative landslide is a sigh of relief from markets. Sterling gained almost 2% following the publication of the first exit polls, which pointed at a comfortable majority for Boris Johnson and the defeat of Jeremy Corbyn, the less market-friendly opposition candidate. The Conservatives’ solid majority will finally push Brexit through to the next stage.
Photo by Habib Ayoade.
Britain will leave the EU on the 31st of January and negotiations for a future trade deal between the two sides will start. However, even though Brexit will be out of the way, a new chapter will begin, with uncertainty still lingering over what the outcome of the trade deal negotiations that will follow it will be. For this reason, the Pound’s gains are, for now, capped at around the $1.35 level.
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.