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 16th January 2020
The pound fell on Wednesday after inflation data showed that prices rose at their slowest pace in three years, increasing the expectations of a rate cut at the Bank of England’s January meeting.
IFX Market Report: Wednesday 15th January 2020
The pound recovered some its losses on Tuesday after having dropped on the back of a potential rate cut.
IFX Market Report: Tuesday 14th January 2020
The pound took heavy losses against the dollar on Monday after a data release showing that economic growth had reached a seven-year low in November.
IFX Market Report: Monday 13th January 2020
The pound fell slightly on Friday as another Bank of England policymaker echoed Governor Mark Carney’s comments about the possible need for stimulus in the light of persistently poor economic data releases.
IFX Market Report: Friday 10th January 2020
The pound fell to a two-week low against the dollar after the Bank of England Governor Mark Carney implied that central bank would be willing to quickly drop interest rates in case of persistent economic weakness.
IFX Market Report: Thursday 9th January 2020
The pound fell against the dollar on Wednesday as Brexit talks became the focus for investors once again.
IFX Market Report: Wednesday 8th January 2020
The pound fell on Tuesday as lawmakers took the first steps to voting on the government’s EU withdrawal agreement.
IFX Market Report: Tuesday 7th January 2020
The pound made gains on Monday as investors who previously sold the pound on weak data, returned to the British currency in light of US strikes on Iran’s top military commander.
IFX Market Report: Thursday 19th December 2019
The pound fell yesterday, giving up almost all its general election gains as the fears of a no deal Brexit re-entered the markets.
