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 16th June 2022
2 min readThe Federal Reserve of the US announced yesterday a much stronger increase of interest rates than forecasted.
IFX Market Report: Wednesday 15th June 2022
3 min readThe British Pound plunges after Scottish government announces plans for a new referendum about independence, UK labour market boosts good figures despite stalling economy, most factories in Shanghai to resume work and the crypto markets keep plunging with fears that a collapse might be contagious.
IFX Market Report: Tuesday 14th June 2022
3 min readThe United Kingdom’s economy shrunk in April, the US dollar strengthens, global stock markets make losses and the crypto markets continue their downfall after losing over $200bn over the weekend.
IFX Market Report: Monday 13th June 2022
2 min readThe US dollar made strong gains at the end of last week as the Fed is set to raise rates this week, while the ECB will raise rates in July.
IFX Market Report: Monday 6th June 2022
3 min readThe UK Prime Minister Boris Johnson will face vote of confidence this Monday as dissatisfaction in his leadership has been mounting over recent months.
IFX Market Report: Tuesday 31st May 2022
3 min readThe 27 member states of the European Union have agreed on a plan to block over 75% of their Russian oil imports, and oil prices jumped following the move from the EU members.
IFX Market Report: Friday 27th May 2022
3 min readYesterday, Chancellor Rishi Sunak announced a “Energy Profits Levy” yesterday on oil and gas firms to finance a plan that will help every household in the UK get a £400 bill discount this October.
IFX Market Report: Monday 30th May 2022
3 min readChina is set to lift Beijing and Shanghai’s lockdown and the US Dollar is heading for its first monthly losses in over five months, and Europe start-ups part ways with their workforce as fundraising slows down.
IFX Market Report: Thursday 26th May 2022
3 min readFed Minutes from May meeting show the central bank is considering a more hawkish stance on interest rates.