Market Updates
Starmer speech fails to dent markets – for now
1 min readLast week’s local election results have plunged Starmer’s leadership into question, but continuing impact on currency markets remains to be seen. Sterling is supported by a broader risk-on sentiment, while the euro is held in check by growth concerns despite a ‘live’ ECB June meeting.
Read more
Dollar faces high-stakes week
3 min readThe dollar starts the week on the back foot as markets brace for a high-stakes run of events. In Europe, the euro holds recent gains despite fading momentum, and in the UK, sterling extends its post-BoE rally against a backdrop of stubborn inflation and slowing growth.
Sterling shivers as markets brace for BoE cut
3 min readThe outlook for the pound is poor ahead of a key BoE interest rate decision this week. The dollar isn’t faring much better following a disappointing week of data in the US. Tariffs continue to create a sense of unease and things are getting crude in the OPEC states. Read on to find out more about the latest developments impacting markets and currencies today.
US and EU strike tariff deal
3 min readTensions ease as the US and EU strike a last-minute trade deal, avoiding a tariff escalation that could have rattled global markets. Meanwhile, UK Prime Minister Keir Starmer heads to Scotland for talks with Trump, as transatlantic trade relations come under fresh scrutiny. Trump’s broader economic agenda faces a crucial week, with key US data due and a Fed rate decision looming.
No-deal risk grows as EU/US trade talks stall
3 min readEU/US trade talks are on the brink of collapse. Brussels is preparing for a potential no-deal outcome before the 1 August deadline. The UK grapples with rising unemployment and weak wage growth but there is respite for the pound which is holding firm near $1.34. All this and more in this week’s IFX Market Update.
EU considers alternatives following renewed US tariff threats
3 min readThe EU faces continued negotiations to reduce the tariffs faced by the US. It was never going to be easy, apparently. Tariff deals already struck, the UK has bigger problems to deal with, following another month of contraction to the economy. Read this week’s market update for more.
Tariff pause ending but USD remains resilient
3 min readThe trade wars continue, and D-Day is looming. On Wednesday 9th July, Trump’s 90 day pause on tariffs comes to an end. What this reshaping of world trade means for the US and indeed other key partners and currencies is still not as clear cut as you might think.
Dollar sinks again following threat to Fed independence
3 min readIt’s mostly bad news for the Dollar and the Pound as political strife threatens to undermine the stability of these currencies once again. The Euro continues to fare better amidst turmoil to its western compatriots. Inflation data releases this week will paint a fuller picture of the current situation.
Oil and dollar reaction to Iran conflict
3 min readUncertainty is the new certainty. In a seemingly endless barrage of world events, market movements stay muted until the outcome is realised. The US bombing of Iran has created tremors, but markets are bracing for worse.
Central banks to make key interest rate decisions
3 min readMiddle East escalation increases the prospect of a protracted conflict between Israel and Iran and Central Banks in major economies are making key decisions this week. Find out more about the key developments impacting the major currencies below.