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5 min read

Why international business presence is the key to post Brexit success

As the clocks turned 2020 into 2021 the UK left the European Union after 47 years. The decision divided the country, and businesses were forced to adapt to – and comply with new regulations. Certain industries were clearly more affected than others, and businesses which had some sort of international presence benefited from a smoother transitioning period. Players in the payments industry were perhaps one of those lucky ones, due to the nature of international capabilities inherent in the sector...
5 min read

The Trials of Developing a Fintech Product

The emergence of FinTech disrupters and innovators has given customers and companies better ways to pay online, as well as the ability to make cross-border payments and book foreign exchange in more secure and simple ways than ever before. The...
3 min read

IFX Payments appoints Tony Brown as new Head of Compliance

The appointment looks to bolster the company’s standing as a champion of regulation in the payments industry London, 30 August 2021. IFX Payments, the global fintech company, today announces the appointment of Tony Brown as its new Head of Compliance...
3 min read

IFX Payments enhance Partnership with Brentford FC.

Official FX Partner become a Platinum Partner with new deal agreed. Brentford Football Club are pleased to announce that IFX Payments has strengthened its relationship with The Bees to become an Official Platinum Partner ahead of the 2021/22 Premier League...
4 min read

Embracing innovation in payments & technology

Embracing innovation in payments & technology After years of building a successful telephone brokerage business, it became clear to us that the foreign exchange industry was becoming increasingly saturated. More and more market entrants were offering what was swiftly becoming...
2 min read

IFX Payments promote Will Marwick to CEO role

IFX Payments promote Will Marwick to CEO role IFX Payments, the global fintech company, today announces that Nick Williams will step down as CEO after successfully leading the business for 16 years. He will transition to the role of executive...
1 min read

Over £3,000 raised in IFX Rowing Challenge

In the spirit of light-hearted competition, our Head of Fintech Dean Fiveash, and Head of 360 Simon Hughes, battled it out in a half-marathon row to raise money for Great Ormond Street Hospital Charity in support of the incredible work...
1 min read

IFX Payments proudly supports GOSH

IFX Payments proudly supports Great Ormond Street Hospital (GOSH) Children’s Charity. Every day, 619 children and young people from across the UK arrive at GOSH for life-changing treatments. The incredible work undertaken by this extraordinary hospital has always depended on...
markets

Market report

Monday 25th October 2021

Sterling had a fairly uneventful session on Friday, ending the week only slightly below where it started. The rising number of new COVID-19 cases is proving to be a concern among investors; however, expectations that the Bank of England will hike interest rates before 2022 has capped any significant downside moves for the Pound. Yesterday Britain “reported 39,962 new cases… and 72 new deaths within 28 days of positive test”. Looking ahead to this week, any further in indication a rate hike imminent Sterling will certainly rise higher. At 15:00 today, the (arguably) most dovish Monetary Policy Committee member Silvana Tenreyro will be speaking. When Tenreyro last spoke only a few weeks ago, she claimed it would be “self-defeating” to raise interest rates in response to what she descried as a temporary rise in inflation. Some experts believe if Tenreyro shows an “openness to acting against inflation”, this could “tilt the scales” in Sterling’s favour, giving it the momentum requires to spike. GBPUSD opened the session at 1.3775 and depreciated only slightly on the day. Cable finally closed the week at 1.3741. GBPEUR also fell on Friday. The pair started at 1.1833 and closed the day at 1.1815. EURUSD dropped only 10 pips on Friday. The pair started the day at 1.1641 and closed at 1.1631. On the data front, it’s a rather quiet schedule. At 09:00 Germany will be releasing its latest Ifo Business Climate, forecasted at 97.9 with a previous of 98.8. Following this, in the afternoon at 13:30 the US will publish September’s Chicago Fed National Activity Index. Then lastly, the US Monthly Budget Statement will be released.
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