Trading at around $1.23, the Pound is holding on to yesterday’s losses. Information, allegedly leaked from the British Prime Minister’s office, points at the realization within Boris Johnson’s camp that the current negotiations with the EU will break down and there will be a new delay to the exit date, which will be preceded by a new election According to these reports, the Conservative Party’s election campaign strategy will be based around promising a swift exit from the EU.
It is therefore no surprise that the Pound is not moving much as after more than three years, there’s still no clarity on what the outcome for the Brexit process will be. Only a new parliamentary election, perhaps even a referendum, will be able to untie the Brexit knot. Until then Sterling is likely to remain within the current range.
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.