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: Tuesday 8th February 2022
2 min readWith a lack of economic data releases, and investors having a better sense of global central bank policy after last weeks meetings, Monday proved to be yet another relatively calm session in the foreign exchange markets.
IFX Market Report: Monday 7th February 2022
2 min readAfter a volatile session on Thursday, FX markets traded rather flat on Friday.
IFX Market Report: Friday 4th February 2022
2 min readThe Bank of England raised interest rates for the second time in three months yesterday in an attempt to tame rising inflation.
IFX Market Report: Thursday 3rd February 2022
2 min readSterling continued to gain momentum on Wednesday as investors increased their bets of a Bank of England interest rate hike this afternoon.
IFX Market Report: Wednesday 2nd February 2022
2 min readSterling gained further momentum on Tuesday as investors become increasingly confident that the Bank of England will “impose back-to-back rate hikes for the first time since 2004”.
IFX Market Report: Tuesday 1st February 2022
2 min readMarkets traded largely flat on Monday as investors await key economic data releases and central bank meetings this week.
IFX Market Report: Monday 31st January 2022
2 min readAfter hitting 3-week lows on Tuesday, Sterling showed signs of recovery yesterday as the currency “steadied… as some calm in stocks led traders to buying back into hard-hit currencies”.
IFX Market Report: Monday 31st January 2022
2 min readSterling marked impressive gains against both the Dollar and Euro on Friday as investors eagerly anticipate this weeks Bank of England (BoE) interest rate decision.
IFX Market Report: Thursday 27th January 2022
2 min readAfter hitting 3-week lows on Tuesday, Sterling showed signs of recovery yesterday as the currency “steadied… as some calm in stocks led traders to buying back into hard-hit currencies”.