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 27th January 2023
2 min readYesterday afternoon Cabinet secretary Michael Gove has likened the way that the UK economy has been run to a football team with a star striker, but a midfield that consistently struggles to get the ball upfield and a defence full of holes.
IFX Market Report: Tuesday 24th January 2023
2 min readThis morning UK Government borrowing rose to the highest December number on record at £27.4bn as debt interest jumped to £17.3bn.
IFX Market Report: Wednesday 18th January 2023
2 min readThe pound made some gains across the board this morning after inflation figures for November came in slightly better than expected at 10.5%, which was an improvement from 10.7% in November and certainly down from the peak of 11.1% in October.
IFX Market Report: Friday 13th January 2023
2 min readThe last few days saw little movement in the markets, as investors waited for the release of US inflation figures yesterday afternoon and GDP figures for the UK this morning.
IFX Market Report: Tuesday 10th January 2023
2 min readNow that normal service has resumed in 2023 the Dollar has lost some ground against the majors after recent weak data and talks of slowing interest rate hikes.
IFX Market Report: Thursday 5th January 2023
2 min readJust as we enter into 2023 economists have already started to portray the economic outlook for the UK in a negative light, as many believe that the UK economy will contract more than Russia In 2023.
IFX Market Report: Thursday 22nd December 2022
2 min readUK GDP figures released this morning showed that the economy contracted 0.3% which was slightly worse than the 0.2% expected.
IFX Market Report: Friday 16th December 2022
2 min readYesterday saw the pound weaken considerably even after we saw an interest rate hike for the ninth time in a year.
IFX Market Report: Wednesday 14th December 2022
2 min readLast week saw much calmer market conditions compared to what has taken place over the past 6 months, with cable sitting between 1.22 – 1.23 for the majority of the week, and EUR/USD trading between 1.0450 and 1.0550.