Market Reports
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1 min readWelcome to the weekly market update from IFX payments. The global economy was allowed a brief sigh of relief this morning as big movements were made in the US and China trade talks. Read on to find out more. Current rates Currency pair Rate eur usd 1.1099 gbp eur 1.1864 gbp usd 1.3170 Rates correct as […]
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IFX Market Report: Thursday 17th March 2022
2 min readThe Federal Reserve yesterday decided to raise interest rates for the first time since 2018 and “laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine”.
IFX Market Report: Wednesday 16th March 2022
2 min readUpbeat UK employment data boosted the Pound’s performance yesterday, allowing it to make gains against both the Dollar and Euro.
IFX Market Report: Tuesday 15th March 2022
2 min readSterling was able to gain ground against both the Euro and Dollar yesterday as market sentiment improved.
IFX Market Report: Monday 14th March 2022
2 min readThe safe-haven US Dollar gained further ground on Sterling and Euro on Friday as market participants favoured buying in to less riskier assets given the rising unrest in Ukraine.
IFX Market Report: Friday 11th March 2022
2 min readRisk-off sentiment gripped world markets yesterday as peace talks between Russia and Ukraine broke down with no progress made.
IFX Market Report: Thursday 10th March 2022
2 min readThe Euro was able to make impressive gains against both the US Dollar and Sterling on Wednesday due to “renewed hopes for a de-escalation of the Russia-Ukraine conflict”.
IFX Market Report: Wednesday 9th March 2022
2 min readAfter a tough start to the week, Euro and Sterling this morning has been able to recover some of their earlier losses as demand for the US Dollar decreases.
IFX Market Report: Tuesday 8th March 2022
2 min readSoaring oil prices yesterday reignited the safe-haven demand for the US Dollar.
IFX Market Report: Monday 7th March 2022
2 min readThe Euro suffered heavy losses against both the Pound and Dollar on Friday.