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: Friday 3rd March 2023
2 min readOn Thursday, the British pound was trading lower against the US dollar, currently hovering close to 1.20, as the greenback found some support.
IFX Market Report: Tuesday 28th February 2023
2 min readUK Prime Minister, Rishi Sunak, and President of the European Commission, Ursula von der Leyen, have announced a new deal to fix post-Brexit problems in Northern Ireland.
IFX Market Report: Thursday 23rd February 2023
3 min readThe UK’s services sector witnessed a significant rebound in February, bolstering hopes that the country could evade recession in the first half of this year.
IFX Market Report: Friday 17th February 2023
2 min readDespite recent positive data in the UK including inflation and GDP figures, the pound has fallen over the past couple of days as investors seek currencies they believe will have the stronger ‘interest’ yield going forward.
IFX Market Report: Wednesday 15th February 2023
3 min readThe markets have been somewhat choppy over the past few days after various pieces of data have defied the consensus.
IFX Market Report: Friday 10th February 2023
2 min readThe UK narrowly avoided recession this morning despite the month of December showing a worse than expected 0.5% contraction.
IFX Market Report: Wednesday 8th February 2023
2 min readThe dollar pulled back significant ground on Friday after Non Farm Payrolls and Employment data came out way above expectations.
IFX Market Report: Friday 3rd February 2023
2 min readThe last few days have been dominated by Central bank interest rate moves and commentary regarding where they will go in the near future.
IFX Market Report: Tuesday 31st January 2023
2 min readThe IMF have predicted that the UK economy will be the only major economy to shrink in 2023, which includes Russia in this category.