Market Updates
Sterling rally stalls on IMF growth downgrade and political pressure
1 min readGains across sterling and the euro remain fragile, even with de-escalation hopes and surging equity markets taking the shine off the dollar’s safe-haven bid.
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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.
Shutdown breakthrough offers glimmer of hope for markets
1 min readIs the shutdown close to an end? Markets took a breather as Washington edges closer to reopening. After weeks of political gridlock, a rare break of ranks in the US Senate has steadied global sentiment.
Dollar holds firm as markets digest Fed’s cautious cut
1 min readWith one central bank cutting last week, traders await the decision of another this week. There are no major swings to speak of but rather sterling and dollar holding steady amidst economic uncertainty on both sides of the Atlantic. The risks particularly to the pound ahead of the budget decision has helped the euro to edge higher.
Fed decision looms whilst US China trade talks underway
3 min readIt’s all to play for this week. The US and China are on the verge of a truce and the ECB brace for a crucial health check on the Eurozone economy. Key storylines in the US tariff saga have reached a climax. There’s also some interesting news concerning something of a clean slate for South Africa and Nigeria, as far as money transfers in and out of the country are concerned.
Sterling steady ahead of key inflation test
3 min readInflationary pressures and fragile leadership positions abound this week. Currencies remain stable but there’s tension in the markets. Below we look at sterling’s performance ahead of crucial UK inflation data, the yen softens on expectations of looser policy under Japan’s likely new prime minister, and more.
Trade tensions ease as Trump opens door to China deal
4 min readTrade tensions between the US and China appear to be easing this morning after President Trump signalled openness to talks. There’s still plenty of turbulence there, however. Sterling remains on edge ahead of UK jobs data and November’s Autumn Statement, while in Europe, President Macron’s political gamble to reappoint Sébastien Lecornu is being closely watched by investors seeking signs of stability.
Euro slides as France faces fresh political turmoil
3 min readPolitical upheaval is the flavour of the week, with fiscal strain providing a bitter aftertaste. France sees yet another prime minister resign and the euro falls, while Washington’s budget deadlock continues to weigh on the dollar. The Yen also reacted to news of a new leader in Japan. Volatility is very much here to stay.
US government shutdown fears result in euro and pound gains
3 min readIt really is a house of cards. Deadlock over a short-term funding bill could trigger a US government shutdown this week, delaying Friday’s jobs data and weighing on the dollar. Sterling and other majors have firmed, though Reeves’ upcoming speech and downbeat OECD forecasts could temper sentiment.