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 12th August 2019
1 min readWith the China-US trade dispute looking to drag on with no settlement in sight, the dollar remained on the defensive again the safe-haven Yen.
IFX Market Report: Friday 9th August 2019
2 min readA dim light was lit at the end of a long tunnel yesterday by Mike Pompeo, who came out saying that the US will be waiting with ‘pen in hand’ to sign a post Brexit trade agreement, with the UK.
IFX Market Report: Thursday 8th August 2019
2 min readWhispers of a lingering global recession got a bit louder yesterday as 3 central banks made surprise rates cuts.
IFX Market Report: Wednesday 7th August 2019
2 min readWith a lack of data ahead of tomorrow’s Non-Manufacturing figure from the States, markets are likely to once again shun fundamental data and technical analysis in favour of political sentiment.
IFX Market Report: Tuesday 6th August 2019
2 min readTrade war escalations between the US and China continued throughout Monday and the Chinese Yuan fell to the worst level seen since 2008, which certainly set alarm bells ringing.
IFX Market Report: Friday 2nd August 2019
2 min readYesterday’s main news was the decision by the US Federal Reserve to reduce interest rates by 25bps, moving the range down to 2.0 -2.25%.
IFX Market Report: Thursday 1st August 2019
3 min readYesterday’s main news was the decision by the US Federal Reserve to reduce interest rates by 25bps, moving the range down to 2.0 -2.25%.
IFX Market Report: Wednesday 31st July 2019
2 min readThe pound continued to face heavy selling yesterday as investors who were previously on the fence have now decided that a no deal is too close for comfort and shed their sterling positions.
IFX Market Report: Tuesday 30th July 2019
2 min readThe pound fell to a 28-month low on Monday and has continued to fall in early trading this morning.