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: Monday 1st February 2021
2 min readAs markets anticipate the upcoming Bank of England interest rate decision, the Pound is strong as we enter this week’s open; trading above 1.37 against the U.S. Dollar and above 1.13 against the Euro.
IFX Market Report: Friday 29th January 2021
2 min readAfter experiencing a setback on Wednesday, Sterling recovered through Thursday and has reached fresh highs against the Euro.
IFX Market Report: Thursday 28th January 2021
2 min readThe Pound experienced heightened volatility in yesterday’s session as investors “risk-off” sentiment led to sharp losses in equity and commodity markets, causing a disturbance in the foreign exchange market.
IFX Market Report: Wednesday 27th January 2021
2 min readThe Pound is up against its peers this morning as markets favour the speed of which the UK is rolling out COVID-19 vaccinations.
IFX Market Report: Tuesday 26th January 2021
2 min readMarket sentiment dampened on Monday as US-China relations begin to sour under the new Biden administration.
IFX Market Report: Monday 25th January 2021
2 min readMarket sentiment continues to be positive as we embark on another trading week, helping support the Pound against its peers.
IFX Market Report: Friday 22nd January 2021
2 min readThe Pound experienced heightened volatility in yesterdays session and was able to make significant gains against the U.S. Dollar, spiking to its best levels since May 2018.
IFX Market Report: Thursday 21st January 2021
2 min readAs Joe Biden was sworn in as the 46th President of the United States yesterday, market optimism elevated as investors look forward to a new administration, bringing with it a substantial COVID-19 stimulus package that will hopefully underpin ongoing economic growth in America.
IFX Market Report: Wednesday 20th January 2021
3 min readThe Pound continues to rise on Wednesday as market sentiment become more ‘risk on’ – undermining safe-haven currencies such as the Dollar.