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 9th March 2020
2 min readThe pound made gains against the dollar on Friday as the EU’s chief negotiator said that a trade deal with the UK was still possible before the end of the year.
IFX Market Report: Friday 6th March 2020
2 min readThe pound reached its highest for the week on Thursday as expectations of rate cut from the Bank of England fell in light of comments from the incoming governor Andrew Bailey.
IFX Market Report: Thursday 5th March 2020
3 min readThe Bank of Canada surprised financial markets yesterday by following the US Federal Reserve’s lead and reduced their own interest rates by 0.5%, citing the spread of the coronavirus represents a “material negative shock” to the Canadian economy.
IFX Market Report: Wednesday 4th March 2020
2 min readThe pound made gains against a weaker dollar after the emergency rate cut by the Federal Reserve.
IFX Market Report: Tuesday 3rd March 2020
2 min readThe pound hit a four-and-a-half month low against the euro as investors are wary of the potential for disagreement in the trade negotiations between the UK and the EU.
IFX Market Report: Monday 2nd March 2020
2 min readThe pound dropped sharply on Friday, losing almost 1% against the US dollar and the euro after investors steered clear of any currencies deemed risky.
IFX Market Report: Thursday 27th February 2020
2 min readThe pound made further losses on Wednesday as Rishi Sunak’s budget announcement is suspected to be disappointing for those expecting an increase in government spending.
IFX Market Report: Tuesday 25th February 2020
2 min readThe pound initially fell against the US dollar and euro on Monday morning as fears about the potential economic impact of the spreading coronavirus pushed investors towards perceived safe-haven currencies such as the US dollar.
IFX Market Report: Tuesday 18th February 2020
2 min readThe pound gave up some of last weeks gains on Monday which were sparked from the UK’s new finance minister being likely to introduce looser financial conditions.