The Pound is losing ground versus other major currencies during the early part of Tuesday’s trading session. Like a yo-yo, sterling ups and downs happen as negotiating posturing from the UK and the EU continues to alternate between promising and gloomy about a post-Brexit trade deal.
Essentially, the markets appear to still be confident that there will be some form of agreement, judging by the current price of the Pound in relation to other currencies. However, every time the outlook deteriorates, as both sides seem unable to avoid dabbling in hard-negotiating tactics, the markets price-in the increasing chances of no deal, only to then revert those losses as deadlines are extended and a more conciliatory tone is adopted.
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.