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 19th April 2023
3 min readThe UK saw a mixed bag of data yesterday as unemployment rate rose to 3.8% from 3.7% in the 3 months leading to February, mainly down to the number of people on long term sick rising.
IFX Market Report: Friday 14th April 2023
2 min readOver the past week the dollar has continued to weaken whilst the Euro has seen some strength. US Jobs growth slowed in March but still came in slightly above expectations.
IFX Market Report: Wednesday 5th April 2023
3 min readBusinesses in the UK performed slightly more strongly than originally thought towards the end of 2022, which has boosted orders, confidence, hiring and investment intentions in March.
IFX Market Report: Wednesday 29th March 2023
2 min readBOE Governor Andrew Bailey has said that the UK banking system is “resilient” and the main focus for the Bank of England remains tackling high inflation, and that he is not unduly worried about the recent banking issues that Credit Suisse and SVB faced.
IFX Market Report: Friday 24th March 2023
2 min readDespite the recent Global banking issues, but due to an unexpected surge in inflation, the Bank of England has raised interest rates by 0.25% taking the base rate to 4.25%.
IFX Market Report: Tuesday 21st March 2023
2 min readA variety of news and data over the past few days has strengthened the pound across the board.
IFX Market Report: Thursday 16th March 2023
2 min readLast week, the U.S banking industry was rocked by the news of SVB and several other smaller banks.
IFX Market Report: Monday 13th March 2023
2 min readFriday saw one of the biggest banking shocks since the great recession, causing panic for thousands of SME’s particularly start-up businesses in the Fintech sector.
IFX Market Report: Wednesday 8th March 2023
2 min readThe UK Chancellor is set to deliver his Spring Budget on March 15, with mounting pressure to revive the country’s economic fortunes after zero growth was recorded in the last quarter of 2022.