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 27th September 2023
3 min readAccording to a report from a prominent US thinktank, the UK’s economy is expected to contract in both the current year and 2024.
IFX Market Report: Wednesday 13th September 2023
3 min readIn July, the UK’s economy saw a 0.5% contraction, which was influenced by factors such as strikes and unfavorable summer weather, according to initial official reports.
IFX Market Report: Wednesday 6th September 2023
3 min readThe recent increase in oil prices has sparked concerns that interest rates may need to remain elevated for an extended period to combat inflation, which could negatively impact economic growth.
IFX Market Report: Tuesday 29th August 2023
3 min readThis morning, the UK experienced a decrease in shop price inflation during August, marking the lowest point in nearly a year.
IFX Market Report: Thursday 3rd August 2023
3 min readIn July, the UK manufacturing industry experienced a further decline as output, new orders, and employment all saw accelerated falls, as per the most recent economic data.
IFX Market Report: Wednesday 26th July 2023
3 min readIn July, there was a significant deceleration in the UK’s economic activity, mainly due to the impact of increasing interest rates on consumer spending and a further decline in manufacturing.
IFX Market Report: Thursday 20th July 2023
3 min readYesterday saw the first piece of positive news for people needing to re-mortgage in the near future.
IFX Market Report: Thursday 13th July 2023
3 min readAndrew Bailey, the Governor of the Bank of England, has stated that he expects inflation to decrease significantly this year.
IFX Market Report: Tuesday 4th July 2023
3 min readSupermarket chain Sainsbury has announced that after months of rising prices, food inflation is now declining, with May’s figure showing a decrease from 15.9% to 15.4%.