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: Tuesday 19th January 2021
2 min readThe Pound is up this morning with market sentiment growing increasingly positive as the UK successfully rolls out its new COVID-19 vaccination programme.
IFX Market Report: Monday 18th January 2021
3 min readThe Pound was weaker on Friday, losing over 0.5% against the U.S. Dollar, and recording its first loss in seven days against the Euro.
IFX Market Report: Friday 15th January 2021
2 min readThe U.S. Dollar has strengthened overnight following an announcement from Joe Biden that he will put in place a $1.9 trillion stimulus plan.
IFX Market Report: Thursday 14th January 2021
2 min readThe Pound is still trading strong on Thursday after reaching the 1.37 mark against the U.S. Dollar yesterday – a level not seen since seen 2018.
IFX Market Report: Wednesday 13th January 2021
2 min readSince Bank of England Governor Andrew Bailey downplayed the possibilities of the BoE cutting interest rates yesterday, Sterling has made significant gains on both the Euro and the U.S. Dollar.
IFX Market Report: Tuesday 12th January 2021
2 min readDuring a virtual speech at UWE Bristol yesterday, external member of the Bank of England’s (BoE) Monetary Policy Committee (MPC) Silvana Tenreyro reiterated her argument that negative interest rates could have a positive impact if imposed.
IFX Market Report: Monday 11th January 2021
2 min readAfter a tough start to 2021 the U.S. Dollar is making gains against its G10 peers as it advances against both the Pound and the Euro.
IFX Market Report: Friday 8th January 2021
2 min readDespite the obscene events at Capitol Hill yesterday, the U.S. Dollar has clawed back some of the losses it has made in recent weeks.
IFX Market Report: Thursday 7th January 2021
3 min readIt would seem clear that the Pound’s “Brexit deal honeymoon” is most certainly over.