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 23rd March 2020
2 min readThe pound rebounded versus the U.S. dollar and euro, climbing off more than three-decade lows as central banks tried to ease a scramble for dollars.
IFX Market Report: Friday 20th March 2020
2 min readThe pound rebounded against the dollar and euro on Thursday after the Bank of England cut interest rates to a record low of 0.1%, helping support the pound after it had sunk to its lowest level since 1985.
IFX Market Report: Thursday 19th March 2020
3 min readThe British pound dived on Wednesday to its lowest level against the US dollar since 1985 and to a more than decade-low against the euro as coronavirus fears and high demand for dollars overshadowed stimulus efforts.
IFX Market Report: Wednesday 18th March 2020
3 min readSterling fell to its lowest level against the dollar since early September on Tuesday, as investors scrambled for dollar liquidity after Britain toughened its strategy for containing the coronavirus.
IFX Market Report: Tuesday 17th March 2020
3 min readSterling fell against the US dollar and euro on Monday in volatile trading as money markets digested a further surprise cut to US rates to rock-bottom levels by the Federal Reserve in the face of the coronavirus pandemic.
IFX Market Report: Monday 16th March 2020
2 min readThe pound fell to a five-month low on Friday, as the dollar rallied across the board in volatile trading.
IFX Market Report: Thursday 12th March 2020
3 min readSterling held on to most of its earlier gains on Wednesday after the British government unveiled a 30-billion-pound economic stimulus plan, hours after the Bank of England cut interest rates to lift the struggling economy.
IFX Market Report: Wednesday 11th March 2020
2 min readSterling fell on Tuesday, dropping most of its gains from the previous session, thanks to a stronger dollar that made gains on expectations that the US government will release a fiscal stimulus package to limit the economic damage caused by the coronavirus.
IFX Market Report: Tuesday 10th March 2020
2 min readThe pound made gains against the dollar, hitting a one-month high as the coronavirus and a drop in oil prices has left global markets shaken.