Market Reports
IFX Market Report: Friday 2nd August 2024
Thursday saw the bank of England drop interest rates for the first time since March 2020. Yesterdays 0.25% cut saw the BOE base rate fall from 5.25% to 5%. Rates in 2020 were 0.1% and remained there until rate hikes started in December 2021, with gradual hikes which finally saw the base rate halt in […]
Read moreIFX Market Report: Thursday 6th February 2020
The pound fell 0.5% against the dollar on Wednesday as US jobs data came in stronger than expected.
IFX Market Report: Tuesday 4th February 2020
The pound fell sharply against the dollar yesterday as Prime Minister Boris Johnson once again sparked fears of a no-deal Brexit.
IFX Market Report: Monday 3rd February 2020
The pound continued its rally on Friday after the Bank of England kept interest rates still after receiving news of improved growth.
IFX Market Report: Friday 31st January 2020
After over 3 and a half years since the 2016 EU referendum, the United Kingdom is set to leave the European Union at 11.00pm this evening.
IFX Market Report: Friday 24th January 2020
The pound made further gains on Thursday, going beyond the one-month high it reached against the euro on Wednesday.
IFX Market Report: Wednesday 22nd January 2020
The pound made gains on Tuesday as data showed that the UK economy created jobs at the fastest rate in the last year in the three months leading up to November.
IFX Market Report: Tuesday 21st January 2020
The pound gave up its gains of Friday after worse-than-expected retail sales data added to the probability of an interest rate cut.
IFX Market Report: Monday 20th January 2020
The pound gave up its gains of Friday after worse-than-expected retail sales data added to the probability of an interest rate cut.
IFX Market Report: Friday 17th January 2020
The pound made hit its highest level for the week on Thursday as investors bets on an interest rate cut were put on hold.
