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 29th July 2019
2 min readThe pound fell on Friday as EU Commission President Jean-Claude Juncker reaffirmed the fact that the withdrawal agreement secured by Theresa May was the only option to proceed with Brexit.
IFX Market Report: Friday 26th July 2019
2 min readThe euro recovered yesterday afternoon after falling to a two-month low against the US dollar as the European Central Bank announced they would leave interest rates on hold.
IFX Market Report: Thursday 25th July 2019
2 min readThe pound enjoyed a rare day of gains against both the euro and US dollar following Boris Johnson taking office as UK Prime Minister.
IFX Market Report: Wednesday 24th July 2019
2 min readAs widely expected, Boris Johnson won the Conservative party leadership campaign yesterday and will become Prime Minister Theresa May’s successor later today.
IFX Market Report: Tuesday 23rd July 2019
2 min readThe pound continued its decline on Monday as investors believe the probability of a hard Brexit has increased ahead of today’s Conservative party election result.
IFX Market Report: Monday 22nd July 2019
3 min readAfter the pound saw its biggest daily jump on Thursday in over two months against the US dollar, it failed to close higher on Friday, falling back below the key 1.25 level as traders still worry the UK is heading for a no-deal Brexit.
IFX Market Report: Friday 19th July 2019
2 min readThe pound rebounded on Thursday after retail data came in better than expected and lawmakers voted to make it more difficult for the next Prime Minister to force a no-deal by shutting down Parliament.
IFX Market Report: Thursday 18th July 2019
2 min readThe pound gained 0.2% on the dollar yesterday despite falling to a two-year low earlier in the day.
IFX Market Report: Wednesday 17th July 2019
2 min readThe pound fell below the $1.24 yesterday for the first time in over two years and hit six-month lows against the euro as both candidates to become the UK’s next Prime Minister competed over taking a harder Brexit stance.