Market Reports
sssadadasd
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 […]
Read more
IFX Market Report: Friday 9th December 2022
2 min readThe UK Government has announced what they describe as the biggest shake up in decades of banking financial regulations.
IFX Market Report: Tuesday 6th December 2022
2 min readIf the Labour party were to get back into power, leader Keir Starmer believes that re-joining the EU would have a negative impact on economic growth as it would bring further uncertainty to businesses as the UK would be better off with closer trade links that would come from a ‘better Brexit’ that they would negotiate.
IFX Market Report: Friday 2nd December 2022
2 min readThe dollar continued to weaken yesterday as investors digested the FEDS announcement that they will calm interest rate hikes and potentially bring them back down as early as 2024.
IFX Market Report: Thursday 1st December 2022
1 min readThe pound has been ‘choppy’ over the past few days, when yesterday saw the pound dip to 1.1899 before rebounding to 1.20 later in the afternoon.
IFX Market Report: Tuesday 29th November 2022
2 min readAfter a week of the dollar weakening against the major currencies, the greenback gained some ground back as the Covid unrest in China pushed investors into safe havens.
IFX Market Report: Friday 25th November 2022
2 min readSir Dave Ramsden, BoE deputy governor, says that while he expects that interest rates will need to rise higher, there are “considerable uncertainties” about the economic outlook.
IFX Market Report: Wednesday 23rd November 2022
2 min readTuesday was a pretty quiet day from a data perspective, with only UK Public Sector Net borrowing and Eurozone preliminary Consumer Confidence figures to note.
IFX Market Report: Tuesday 22nd November 2022
2 min readThe UK is officially in recession, and where our GDP growth figure normally sits between the US and Europe, we are currently below both and look as if we will be the first to enter recession and the last to exit.
IFX Market Report: Friday 18th November 2022
2 min readAs mentioned in yesterday’s report, Jeremy Hunt’s budget statement did not come as a shock to the markets as he laid out the plan to fill the £55bn fiscal hole.