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 […]
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IFX Market Report: Wednesday 28th July 2022
2 min readThe Fed is set to unveil another big rate hike today as signs of an economic slowdown grow.
IFX Market Report: Monday 25th July 2022
3 min readThis week will see the Fed increase interest rates again after inflation reached 9.1% in June in the US. Markets are expecting a 75bps increase, which will set the Fed fund’s rate to 2.5%.
IFX Market Report: Friday 22nd July 2022
3 min readThe European Central Bank increased its interest rates by 50 basis points yesterday as it tries to fight inflation which reached 8.6% in June.
IFX Market Report: Thursday 21st July 2022
3 min readThe Euro rebounded this morning ahead of the ECB’s interest rate decision this afternoon.
IFX Market Report: Wednesday 20th July 2022
3 min readReassuring news from Europe yesterday as the continent feared the Nord Stream gas pipeline would not resume amidst tensions between the EU and Russia.
IFX Market Report: Friday 15th July 2022
2 min readChina is facing recession in Q2 with GDP figures show the Asian giant’s economy contracted by -2.6%, worse than the -1.5% contraction expected.
IFX Market Report: Thursday 14th July 2022
2 min readYesterday data from the US showed that inflation rose 9.1% in June, more than expected and puts pressure on consumers.
IFX Market Report: Wednesday 13th July 2022
2 min readThe United Kingdom saw its economy grow in Q1 despite analysts expecting the economy to stall as inflation grew.
IFX Market Report: Tuesday 12th July 2022
3 min readThe US dollar hit a new two-decade high against major currencies, buoyed by the search for a safe-haven asset and expectations of further aggressive rate hikes from the Federal Reserve.