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 […]
Read moreIFX Market Report: Friday 28th May 2021
2 min readSterling rallied across the board yesterday after BOE Senior Policymaker Gertjan Vileghe said an early interest rate hike is possible providing there is a smooth transition of workers from furlough back to employment.
IFX Market Report: Thursday 27th May 2021
2 min readCable remained under pressure yesterday as former Downing Street advisor Dominic Cummings gave a highly anticipated testimony.
IFX Market Report: Wednesday 26th May 2021
2 min readThe Euro was able to capitalize against the Dollar and Pound on Tuesday as the currency strengthened due to the “rapid acceleration in the rollout of vaccines in the Eurozone”.
IFX Market Report: Tuesday 25th May 2021
2 min readGBPEUR plummeted back in to the 1.15’s on Monday early morning, and while the pair reclaimed some of its losses on the day, it wasn’t able to finish above the 1.16 mark.
IFX Market Report: Monday 24th May 2021
2 min readGBPEUR was able to close above the 1.16 handle on Friday as the Pound capitalized on a weak Euro.
IFX Market Report: Friday 21st May 2021
2 min readCable was able to gain some subtle upside in Thursday’s session as retreating US bond yields undermined a weaker US Dollar.
IFX Market Report: Thursday 20th May 2021
2 min readAfter almost reaching multi-year highs on Tuesday, Cable plummeted on Wednesday and closed below the 1.1450 mark.
IFX Market Report: Wednesday 19th May 2021
2 min readBoth Sterling and the Euro capitalized significantly as the Dollar experienced yet another day of decline.
IFX Market Report: Tuesday 18th May 2021
2 min readThe Pound made an impressive start on Monday as the UK ‘re-opening’ progressed, with individuals now allowed inside pubs and restaurants from yesterday, along with indoor socializing and a limited range of foreign travel.