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: Friday 17th January 2020
2 min readThe pound made hit its highest level for the week on Thursday as investors bets on an interest rate cut were put on hold.
IFX Market Report: Thursday 16th January 2020
2 min readThe pound fell on Wednesday after inflation data showed that prices rose at their slowest pace in three years, increasing the expectations of a rate cut at the Bank of England’s January meeting.
IFX Market Report: Wednesday 15th January 2020
2 min readThe pound recovered some its losses on Tuesday after having dropped on the back of a potential rate cut.
IFX Market Report: Tuesday 14th January 2020
2 min readThe pound took heavy losses against the dollar on Monday after a data release showing that economic growth had reached a seven-year low in November.
IFX Market Report: Monday 13th January 2020
2 min readThe pound fell slightly on Friday as another Bank of England policymaker echoed Governor Mark Carney’s comments about the possible need for stimulus in the light of persistently poor economic data releases.
IFX Market Report: Friday 10th January 2020
2 min readThe pound fell to a two-week low against the dollar after the Bank of England Governor Mark Carney implied that central bank would be willing to quickly drop interest rates in case of persistent economic weakness.
IFX Market Report: Thursday 9th January 2020
2 min readThe pound fell against the dollar on Wednesday as Brexit talks became the focus for investors once again.
IFX Market Report: Wednesday 8th January 2020
2 min readThe pound fell on Tuesday as lawmakers took the first steps to voting on the government’s EU withdrawal agreement.
IFX Market Report: Tuesday 7th January 2020
2 min readThe pound made gains on Monday as investors who previously sold the pound on weak data, returned to the British currency in light of US strikes on Iran’s top military commander.