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 27th April 2020
3 min readFriday saw a very quiet day across the board, after sterling opened on the back foot in response to data showing a record drop in retail sales.
IFX Market Report: Friday 24th April 2020
2 min readDire preliminary April PMI data yesterday failed to dampen the pound as the currency held firm throughout the day, even managing to make a short-lived afternoon bounce against the dollar.
IFX Market Report: Thursday 23rd April 2020
2 min readFollowing Tuesday’s losses, the pound had recovered some ground by early trading yesterday, perhaps generated by what is known as a relief rally, with investors dipping their toes back into riskier waters following the oil price crash.
IFX Market Report: Wednesday 22nd April 2020
3 min readSterling had a bad day yesterday and lost value versus both USD and EUR.
IFX Market Report: Tuesday 21st April 2020
2 min readThe British Retail Consortium trade body said on Monday that the number of people in the UK leaving their homes to go shopping has slumped by 83% since the closure of non-essential retail outlets last month.
IFX Market Report: Monday 20th April 2020
3 min readThe pound was stable on Friday during an uneventful day, but did make some gains versus a weaker US dollar in afternoon trading of around 0.5%.
IFX Market Report: Friday 17th April 2020
2 min readThe pound largely shrugged off the government’s lockdown extension yesterday, only dipping slightly versus the US dollar.
IFX Market Report: Thursday 16th April 2020
2 min readYesterday saw a relatively quiet day for sterling, with the currency trading in a tight range.
IFX Market Report: Wednesday 15th April 2020
2 min readSterling has risen to one-month highs versus the US dollar since the Easter break and is largely holding its momentum in early trading today, whilst remaining unmoved against the euro.