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: Thursday 7th July 2022
2 min readThe United Kingdom’s political crisis continues with over 50 government officials resigning since Tuesday evening as Boris Johnson clings to power.
IFX Market Report: Wednesday 6th July 2022
2 min readThe dollar hit a two-decade high against the euro as European stock markets tumbled amid growing fears the continent could lead the world into recession.
IFX Market Report: Monday 4th July 2022
2 min readFor the first time since the 1990s, Germany is facing a trade deficit as figures announced this morning show a deficit of -$1.0bn for May.
IFX Market Report: Tuesday 28th June 2022
2 min readUS government sources announced on Monday that leaders at the G7 summit are close to setting a price cap on Russian oil imports in an effort to decrease the Kremlin’s energy revenue.
IFX Market Report: Monday 27th June 2022
3 min readRussia is on the brink of an historic debt default as it hasn’t paid interest payments of $100 million which were due on the 27th of May, and subject to grace period that expired on Sunday night.
IFX Market Report: Friday 24th June 2022
2 min readThe US dollar remains stable but heads for its first weekly decline of the month as investors continue to assess the Federal Reserve’s policy direction and wonder if aggressive rate hikes could trigger a recession.
IFX Market Report: Thursday 23rd June 2022
3 min readFederal Reserve Chairman testifies for two days in front of the US Congress.
IFX Market Report: Wednesday 22nd June 2022
2 min readUK inflation continues to rise to 9.1% in May, its highest level since 1982
IFX Market Report: Tuesday 21st June 2022
3 min readThe United Kingdom is facing the biggest national rail strike in 30 years.