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: Wednesday 7th April 2021
2 min readThe Euro has continued to make advances on the Dollar as the pair targets the 1.19 mark.
IFX Market Report: Tuesday 6th April 2021
1 min readThe US Dollar has dropped lower in recent days as Friday’s seven-month high non-farm payrolls boosted global risk appetite and weighed heavy on the safe-haven Greenback.
IFX Market Report: Thursday 1st April 2021
2 min readThe Dollar was weaker on Wednesday as President Biden announced that he intends to spend 2T on infrastructure and raise corporate tax by 28%.
IFX Market Report: Wednesday 31st March 2021
2 min readThe US Dollar was able to make upside gains against most of its peers on Tuesday as the US 10-year Treasury yield reached 1.77%, its highest point since January 2020.
IFX Market Report: Tuesday 30th March 2021
2 min readGBPEUR surged to fresh 13-month highs on Monday as market sentiment became increasingly positive about Britain lifting lockdown restrictions.
IFX Market Report: Monday 29th March 2021
2 min readThe Greenback trades strong on Monday as the US Dollar Index (DXY) makes solid gains to edge closer to 93.00.
IFX Market Report: Friday 26th March 2021
2 min readDespite a bullish Dollar, Sterling was a top performer on Thursday as it notched important gains against the Euro before the close.
IFX Market Report: Thursday 25th March 2021
2 min readSterling came under significant pressure yesterday as the UK Inflation data came out below forecast.
IFX Market Report: Wednesday 24th March 2021
2 min readThe Pound struggled on the Tuesday as Cable dropped over 0.7% by mid-morning in the London session, and GBPEUR was also lower, trading just above the 1.16 mark at the close.