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 16th July 2019
2 min readOn Monday the pound returned towards 6-month lows against the US dollar and the euro as ongoing concerns about the UK’s economic growth, a potential interest rate cut, and a new prime minister all weighed heavily on sterling.
IFX Market Report: Monday 15th July 2019
3 min readThe pound ended a 9-week losing streak against the euro and moved away from 6-month lows against the US dollar on Friday despite weak economic data and the increased likelihood of an interest rate cut in the event of a no deal Brexit.
IFX Market Report: Friday 12th July 2019
2 min readThe dollar fell to one-week lows on Thursday after Federal Reserve Chairman Jerome Powell continued his statement to Congress, in which he reinforced expectations of an interest-rate cut.
IFX Market Report: Thursday 11th July 2019
2 min readYesterday the dollar fell against its major rivals after Federal Reserve Chairman Jerome Powell struck a dovish tone in his statement to Congress.
IFX Market Report: Wednesday 10th July 2019
2 min readYesterday the pound fell to an almost two-year low against the US dollar despite a parliamentary vote narrowly passing surrounding the collapsed Northern Ireland Executive
IFX Market Report: Tuesday 9th July 2019
2 min readThe pound moved lower against the dollar yesterday amid poor economic data and the continued expectation of a cut in interest rates, this was also exacerbated positive US jobs data.
IFX Market Report: Monday 8th July 2019
2 min readThe US dollar continued to strengthen on Friday after US jobs growth rebounded strongly in June.
IFX Market Report: Thursday 4th July 2019
2 min readThe pound fell on Wednesday as market data continued to indicate that the Bank of England would have to fall in line with other major central banks and cut interest rates this year to counteract a declining economic outlook.
IFX Market Report: Wednesday 3rd July 2019
2 min readThe pound sustained losses on Tuesday as markets starting betting that the Bank of England would lower interest rates this year.