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 12th November 2019
2 min readThe pound hit a six-month high against the euro on Monday after the Brexit Party said it would not compete in seats won by the Conservative Party in the 2017 general election.
IFX Market Report: Monday 11th November 2019
2 min readThe pound fell on Friday as investors awaited more political developments ahead of the December 12th general election.
IFX Market Report: Friday 8th November 2019
2 min readThe pound fell to a two-week low on Thursday after two Bank of England officials voted to cut interest rates this month, whilst others said they would consider doing the same if the weight of Brexit and global trade uncertainty did not ease.
IFX Market Report: Thursday 7th November 2019
2 min readThe pound was steady on Wednesday as investors calculated the currency risks associated with the general election and how it will impact the UKs ability to exit the EU before January 31st.
IFX Market Report: Wednesday 6th November 2019
2 min readThe pound made gains against the euro on Tuesday after UK Services Data rose more than expected in October but fell against a broadly stronger dollar.
IFX Market Report: Tuesday 5th November 2019
2 min readThe pound was down 0.1% against the dollar and euro on Monday as investors are fully focused on the December 12th general election as parties have begun launching their campaigns.
IFX Market Report: Monday 4th November 2019
2 min readThe pound made slight gains on Friday despite reports that Brexit Party leader Nigel Farage said his party would stand candidates in all seats unless the Prime Minister abandoned the deal he has negotiated.
IFX Market Report: Friday 1st November 2019
2 min readThe pound rose to over $1.29 on Thursday, its biggest monthly rise in more than a decade, as the risks of leaving the European Union without a no deal receded and the dollar struggled in the face of weak economic data and a rate-cut.
IFX Market Report: Thursday 31st October 2019
2 min readThe pound was largely unchanged on Wednesday after it was finally confirmed that the UK would be having a general election on the 12th of December after the EU confirmed a delay to the Brexit deadline until January 31st.