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6 min read

LOOKING AHEAD: 2022 Fintech Predictions and Reflections

2021 was the year of recovery and opportunity for many, following months of disruption caused by the pandemic. But whilst many industries have struggled to bounce back from the disruption, many Fintechs have managed to thrive in a somewhat hostile economic climate as a result of innovation, digital disruption, lucrative funding and a vision for how products can change the lives of consumers whilst helping businesses grow. From a personal perspective, it’s been wonderful to see that as an industry...
5 min read

Set your business up for sales success in a post-pandemic world

Dean Fiveash, Head of FinTech Sales, IFX Without doubt the Coronavirus pandemic impacted every aspect of our lives and fundamentally changed the way in which we all conduct business. From the widespread adoption of working from home, to the amplified...
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...
5 min read

Championing women in business

Engaging women in taking up roles in the business sector and the advancement of female talent has long been at the top of business agendas and conversations. Despite this, reports are still showing that only 1 in 3 UK entrepreneurs...
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 23rd May 2022

The optimism that is blowing through the markets this morning comes from the Chinese news. Shanghai is emerging from its restrictions and the unexpected drop in interest rates in China last week was seen as a signal that the authorities would support the recovery. The city of 25 million inhabitants plans to lift its lockdown and return to more normal life from June 1. As a result, the yuan had its best week since late 2020 last week and strengthened to 6.6844 per dollar on Monday. The US Dollar appears, for now, to be losing its bullish momentum following a small rally in US bonds that has dragged yields lower in recent sessions. The US dollar index, which rose about 16% to its highest level in two decades in the 12 months to mid-May, lost about 2% in one week. above its support at 102.24. The pound jumped nearly 2% last week on stronger than expected retail data as Bank of England governor Andrew Bailey is set to speak at the end of the day.  The safe-haven Swiss franc also advanced, retaining the strong gains made last week when it rose from parity with the dollar to around 0.9716 per dollar. The alpine country is set to host the second day of the Davos World Economic Forum today. Cable continued its way up Friday with slight gains as investors remain bullish about the US Dollar. GBPUSD opened at 1.2469 and close slightly under 1.2476. GBPEUR made gains Friday amidst better than expected results in retail. The pair opened at 1.1790 and closed at 1.1821 EURUSD closed the week with losses small losses as markets remain expectative of an ECB interest rates rise with the pair opening at 1.0572 and closing at 1.0561.
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