29 Aug 2019

ActivTrades’ Senior Analyst, Ricardo Evangelista, comments on no-deal Brexit

Ricardo Evangelista, senior analyst at ActivTrades, said: “The markets regard no deal as the worst possible outcome for the British economy and news that there will be a cross-party effort to counter Prime Minister Johnson’s plans to leave on the 31st of October no matter what were enough to fuel Sterling gains of nearly 0.5 percent to the dollar. “However, these gains have been completely canceled during early Wednesday trading as reports emerge that Boris Johnson will ask the Queen to suspend parliament from mid-September until mid-October; a move seen as a way to ensure his plans of a no-deal Brexit are executed without interference from MPs opposed to such an outcome.”