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 2nd July 2019
2 min readData released yesterday morning in the UK showed the manufacturing sector suffered its steepest decline in activity in over 6 years.
IFX Market Report: Monday 1st July 2019
2 min readThe pound recovered on Friday after reaching five-month lows against the dollar and the euro, and concerns of a potential no deal Brexit meant gains were modest.
IFX Market Report: Friday 28th June 2019
2 min readThe pound held near the 1.27 mark on Thursday as traders reduced their short positions on the pound ahead of the G20 meeting this weekend.
IFX Market Report: Thursday 27th June 2019
3 min readThe pound had mixed day yesterday, ending the session marginally up against the US dollar, but dropping to a fresh 5 ½-month low against the euro.
IFX Market Report: Wednesday 26th June 2019
2 min readThe pound fell against the dollar yesterday after hitting a one-month high as the risks of a no deal Brexit continued to weigh the currency down.
IFX Market Report: Tuesday 25th June 2019
2 min readThe US dollar weakened slightly against a basket of currencies on Monday as traders started betting that the US Federal Reserve may lower interest rates more than once in 2019.
IFX Market Report: Monday 24th June 2019
2 min readThe pound finished the week higher against the US dollar gaining over 2 cents from the low of the week but remained close to 5-month lows against the euro.
IFX Market Report: Friday 21st June 2019
2 min readThe pound rally stumbled slightly despite the Bank of England, as expected, being less dovish than other central banks. The policymakers cut second quarter growth forecasts and continued to highlight risks created by Brexit and trade tensions.
IFX Market Report: Thursday 20th June 2019
2 min readThe pound made gains on Wednesday as investors believed the Bank of England would strike a more positive tone in today’s Bank of England policy meeting than has been seen in other major central banks.