Market Updates
Strong UK retail and services data support sterling
1 min readIn the past week, sterling and the euro have both found support from easing geopolitical tensions and pockets of resilient domestic data. The dollar, on the other hand, remained weighed down by policy uncertainty and questions around Fed independence.
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Strong UK retail and services data support sterling
1 min readIn the past week, sterling and the euro have both found support from easing geopolitical tensions and pockets of resilient domestic data. The dollar, on the other hand, remained weighed down by policy uncertainty and questions around Fed independence.
Dollar softens on tariff threats and UK data the difference for sterling
1 min readTrump’s latest tariff threats dominate headlines, keeping the dollar under pressure and traders on watch as trade tensions continue between the US and the EU/UK. Sterling has seen recent gains but awaits important data including UK CPI for clues on BoE policy.
Fed independence concerns weigh on USD as GBP holds firm
1 min readDiscussion revolves around USD this week, with upcoming data releases arguably less impactful than other news. Stories include tension between Trump and Fed Chair Powell, a pivotal Supreme Court ruling, and positive signals in UK-EU relations.
Dollar direction hinges on key US data releases
1 min readSterling is supported by a firm risk backdrop and patient BoE expectations, while euro direction hinges on inflation data and ECB resolve. For the dollar, a heavy U.S. data calendar and Friday’s jobs report remain the key swing factor for near-term moves.
Sterling advances as markets weigh BoE and US data
1 min readIt’s a huge week for inbound data across G3 currencies, providing key information to support central bank activity around inflation and employment, alongside an expected rate cut in the UK, and a hold from the ECB.
GBP/USD climbs ahead of Fed announcement
1 min readSterling and the euro have both seen notable moves last week, with the big event of the week an almost certain rate cut from the Fed on Wednesday.
Rate cuts and a new chair on the horizon for Fed
1 min readIn this week’s update we look at the news of a likely Fed chair change, the impact of the budget on GBP, and eurozone market activity impacting the major currency pairs.
New Weekly FX Reports. GBP/USD pressured as markets brace for UK budget
1 min readWelcome to the new Weekly Market Update from IFX Payments. Now including in-depth reports on the key market trends and what’s impacting the major currency pairs you care about.
Pound underperforms on income tax revelation
1 min readMarkets tread cautiously with long sought after data and fiscal uncertainty on the horizon. With the US government finally reopening, traders brace for a deluge of data that could redefine the Fed’s path.