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 29th September 2020
3 min readAs trade negotiations between the UK and the EU officially get under way today, the pound has found nominal resilience going into Tuesday’s open.
IFX Market Report: Monday 28th September 2020
2 min readAs we come to the close of a turbulent September, the final ‘scheduled’ phase of Brexit negotiations will begin on Tuesday.
IFX Market Report: Friday 25th September 2020
2 min readThe pound had a more positive day yesterday but still remains under pressure after the announcement form the Chancellor of the Exchequer Rishi Sunak to replace the furlough scheme due to expire in October with a new job support scheme aimed at bridging the pay gap in wages on employees working reduced hours.
IFX Market Report: Thursday 24th September 2020
2 min readThe dollar continued to strengthen, marking the fourth straight day of gains as investors remained concerned about weak economic data and rising Covid-19 cases throughout Europe effecting the global economy as well as US political uncertainty.
IFX Market Report: Wednesday 23rd September 2020
2 min readThe US dollar was amongst the best performing currencies yesterday after the release of positive US economic data and hawkish comments from a Federal Reserve official which hinted at the possibility of US interest rates hikes.
IFX Market Report: Tuesday 22nd September 2020
2 min readThe pound fell to a one-week low against a broadly stronger US dollar as serious concerns in the banking sector caused a fall in global risk appetite whilst the UK economy faced the repercussions of a potential second national lockdown to help control the recent spike in COVID-19 cases.
IFX Market Report: Monday 21st September 2020
3 min readAs we enter a new week, over the weekend growing concerns over rising COVID-19 cases in the UK prove to be another hindrance to the pound’s already fragile status.
IFX Market Report: Friday 18th September 2020
2 min readAfter a turbulent 24 hours, the pound is on course to record a weekly gain against both the dollar and EUR.
IFX Market Report: Thursday 17th September 2020
2 min readAs markets prepare for a Bank of England Interest Rate Decision today, the pound has gained some ground due to Boris Johnson giving MP’s the ability to vote on amendments to his controversial Internal Market Bill (IMB).