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 4th October 2019
2 min readThe pound jumped to an eight-day high on Thursday after the head of the Eurosceptic group of MPs described the government’s latest Brexit proposal as “tolerable”.
IFX Market Report: Thursday 3rd October 2019
2 min readThe pound rebounded on Wednesday from the lows it hit in early trading as investors awaited details of the government’s new Brexit deal, which involves leaving Northern Ireland within the EU’s single market.
IFX Market Report: Wednesday 2nd October 2019
2 min readThe pound continued to fall on Tuesday, breaking through technical support levels to hit a one-month low against the dollar.
IFX Market Report: Tuesday 1st October 2019
2 min readThe pound made slight gains on Monday, despite data showing the UK economy contracted at a 0.2% quarterly rate.
IFX Market Report: Monday 30th September 2019
2 min readThe pound fell on Friday after comments from the Bank of England that interest rates may need to be cut for the economy to cope with ongoing Brexit uncertainty.
IFX Market Report: Friday 27th September 2019
2 min readThe pound recovered some of its losses yesterday as month-end rebalancing caused the pound to gain 0.1% against the dollar.
IFX Market Report: Thursday 26th September 2019
2 min readThe pound fell more than 1% against the dollar on Wednesday as investors started pricing in many more months of Brexit uncertainty and a general election with a mixed possibility of outcomes.
IFX Market Report: Wednesday 25th September 2019
2 min readThe pound jumped yesterday on the surprise announcement that the UK’s Supreme Court ruled against Prime Minister Boris Johnson on his closure of Parliament, calling it “unlawful”.
IFX Market Report: Tuesday 24th September 2019
2 min readThe pound was stable on Monday as investors were searching for signs of progress in the Brexit negotiations as well as waiting for a Supreme Court ruling on whether Prime Minister Boris Johnson misled Her Majesty the Queen on his reasons for suspending parliament.