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 30th December 2021
2 min readSterling and Euro advanced against the Dollar on Wednesday as falling US Treasury Yields weighed heavy on the Greenback.
IFX Market Report: Wednesday 29th December 2021
2 min readCable has been able to hold on above the 1.34 handle on Wednesday after having reached five-week highs of 1.3461 on Tuesday.
IFX Market Report: Friday 24th December 2021
2 min readSterling traded well on Thursday, marking gains against both the Dollar and Euro in the session.
IFX Market Report: Thursday 23rd December 2021
2 min readSterling and Euro have been able to capitalize on a weaker Dollar as safe-haven currencies lost momentum on Wednesday due to “signs that the Omicron variant of COVID-19 might be less severe than feared”.
IFX Market Report: Wednesday 22nd December 2021
2 min readSterling remained steady on Tuesday as Boris Johnson announced that there is not “enough evidence to justify any tougher measures before Christmas”.
IFX Market Report: Tuesday 21st December 2021
2 min readDespite starting the week strong, improved market sentiment is forcing the Dollar lower on Tuesday.
IFX Market Report: Monday 20th December 2021
2 min readSterling is down on Monday as “a broad risk-off mood swept though financial markets” in the early hours due to the investor’s fears over the spread of the Omicron COVID-19 variant.
IFX Market Report: Friday 17th December 2021
2 min readSterling spiked on Thursday as the Bank of England became the world’s first major central bank to hike interest rates since the start of the COVID-19 pandemic.
IFX Market Report: Thursday 16th December 2021
2 min readThe US Dollar is down this morning as the Federal Reserve last night announced it will be doubling the rate at which it will reduce its bond purchases, and new forecasts from policymakers signalled as many as three interest rate hikes in 2022.