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: Thursday 17th October 2019
2 min readThe pound had a volatile day yesterday amid mixed reports of whether the UK and EU were imminently going to reach a Brexit deal.
IFX Market Report: Wednesday 16th October 2019
2 min readThe pound hit a 5-month high on Tuesday following a report that the EU was very close to agreeing to a withdrawal deal with the UK.
IFX Market Report: Tuesday 15th October 2019
3 min readBoris Johnson started the most significant week of his political career yesterday, his plans for Brexit rest in the balance, negotiations with the EU are in full flow, but without the backing of the House of Commons, the work of his team could all be in vain.
IFX Market Report: Monday 14th October 2019
3 min readThe pound enjoyed another day of gains against the US dollar and euro on Friday as markets became more optimistic that a deal would be reached to ensure the UK leaves the European Union on the 31st of October in an orderly manner.
IFX Market Report: Friday 11th October 2019
2 min readThe pound rallied on Thursday against both the euro and US dollar after UK Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar issued a joint statement following their meeting earlier in the day which said they “could see a pathway to a possible deal”.
IFX Market Report: Thursday 10th October 2019
2 min readThe pound had a volatile day on Wednesday as it first made gains on the hopes of a breakthrough with the EU withdrawal agreement, but these were later dashed, and the pound quickly lost ground again.
IFX Market Report: Wednesday 9th October 2019
2 min readThe pound fell to a one month low yesterday as it looks like negotiations between the UK and EU are breaking down, with Angela Merkel describing a deal at this point as “overwhelmingly unlikely”.
IFX Market Report: Tuesday 8th October 2019
2 min readThe pound lost ground on Monday as it became clear that the EU and the UK are still far from reaching a deal.
IFX Market Report: Monday 7th October 2019
2 min readThe pound fell on Friday as further doubts crept in of a viable withdrawal agreement between the UK and EU.