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 26th October 2021
2 min readWhile the Pound is still showing signs of strength due to an upbeat market sentiment, fears surrounding Brexit have kept “GBPUSD price action within the 1.3700 – 1.3800 range”.
IFX Market Report: Monday 25th October 2021
2 min readSterling had a fairly uneventful session on Friday, ending the week only slightly below where it started.
IFX Market Report: Friday 22nd October 2021
2 min readSterling opens Friday morning on the backfoot after UK retail sales unexpectedly fell for a fifth consecutive month, adding to signs that “Britain’s economic recovery is losing momentum”.
IFX Market Report: Thursday 21st October 2021
2 min readThe US Dollar experienced another aggressive sell-off in Wednesday’s session, marking losses against both the Euro and Sterling.
IFX Market Report: Wednesday 20th October 2021
2 min readSterling strengthened yesterday after the Bank of England governor Andrew Bailey reiterated his claim that the central bank “will have to act” over rising inflation.
IFX Market Report: Tuesday 19th October 2021
2 min readThe latest Chinese GDP data forced global markets into decline on Monday, creating a downbeat tone in the foreign exchange market.
IFX Market Report: Monday 18th October 2021
2 min readThe Pound spiked against the US Dollar this morning as markets became increasingly hopeful the Bank of England will raise interest rates sooner than previously expected.
IFX Market Report: Friday 15th October 2021
2 min readSterling was able to test key levels on Thursday and has maintained it’s recent gains against both the Euro and Dollar going into this mornings open.
IFX Market Report: Thursday 14th October 2021
2 min readThe US Dollar weakened yesterday as September’s meeting minutes indicated the Federal Open Market Committee could end their stimulus programme by mid-2022.