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: Monday 8th November 2021
2 min readSterling’s aggressive sell off continued on Friday as the Pound hit a five-week low against the Dollar.
IFX Market Report: Friday 5th November 2021
2 min readSterling plummeted on Thursday as the Bank of England decided to keep interest rates on hold this month.
IFX Market Report: Thursday 4th November 2021
2 min readThe Pound was able to claw back some of its recent losses on Wednesday, marking gains against both the Dollar and Euro by the close.
IFX Market Report: Wednesday 3rd November 2021
2 min readThe foreign exchange market remains steady on Wednesday morning as investors prepare for the latest monetary policy decision from the US Federal Reserve.
IFX Market Report: Tuesday 2nd November 2021
2 min readMarkets remained largely quiet yesterday, with investors bracing themselves ahead of the central bank meetings this week.
IFX Market Report: Monday 1st November 2021
2 min readAfter regaining the 1.3800 handle on Thursday, Cable experienced some serious push back on Friday as the pair fell to its weakest level since mid-October due to renewed Brexit concerns and broad-based Dollar strength.
IFX Market Report: Friday 29th October 2021
2 min readThe Dollar suffered another day of losses on Thursday, falling even further against Sterling and the Euro.
IFX Market Report: Thursday 28th October 2021
2 min readThe Dollar struggled on Wednesday as the “American currency fell away from investors’ radars”, due largely to US government bond yields falling to “worrisome levels”.
IFX Market Report: Wednesday 27th October 2021
2 min readGBPEUR surged to fresh yearly highs on Tuesday, marking a third straight day of upside for the pair.