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: Thursday 17th November 2022
2 min readBank of England Governor Andrew Bailey thinks that Britain is suffering a worse economic performance than its rivals, as Brexit coupled with the sharp drop in workforce size since the pandemic weighs on the economy.
IFX Market Report: Wednesday 16th November 2022
2 min readRishi Sunak believes that Brexit is not to blame for the UK’s economic difficulties, and despite evidence that leaving the EU has resulted in a reduction in trade, the finger is pointed at Covid and Russia’s invasion of Ukraine.
IFX Market Report: Monday 14th November 2022
2 min readLast week saw the USD weaken after better than expected inflation data reduced the likelihood of large rate hikes.
IFX Market Report: Friday 11th November 2022
2 min readPreliminary GDP figures this morning showed that the economy contracted 0.2% , marking the first step towards a recession. Despite this the pound held its ground across the board.
IFX Market Report: Monday 7th November 2022
2 min readWhen Brexit was announced back in 2016, analysts predicted that the UK economy would collapse without the support of Europe.
IFX Market Report: Thursday 3rd November 2022
2 min readYesterday saw the US Federal Reserve raise its key interest rate by 0.75 percentage points, lifting it to 4% which is the highest rate since early 2008.
IFX Market Report: Wednesday 2nd November 2022
2 min readIn one of the most important moments in economic history, the commonly used phrase ‘Quantitative Easing’ that we’ve heard many times since the economic crash in 2008 will now be reversed to ‘Quantitative tightening’.
IFX Market Report: Tuesday 1st November 2022
2 min readAside from Eurozone inflation and GDP figures mentioned in yesterday’s report, Monday was a fairly quiet day for data, with the only major other release being US PMI data.
IFX Market Report: Monday 31st October 2022
1 min readLast week saw the pound strengthen after new Prime Minister Rishi Sunak agreed to push the date of the economic decision to 17th November, so that the right decision could be made.