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: Friday 22nd November 2019
The pound remained below the $1.30 mark on Thursday as the release of the opposition Labour Party’s manifesto caused some investors to take profits.
IFX Market Report: Thursday 21st November 2019
The pound remained steady on Wednesday as investors continued to wait for further developments in the polls.
IFX Market Report: Wednesday 20th November 2019
The pound fell slightly on Tuesday but stayed close to its six-month highs against the euro, with investors still confident of a Conservative parliamentary majority on December 12th.
IFX Market Report: Tuesday 19th November 2019
The pound made further gains on Monday as the Conservative party’s poll lead increased from 10 to 17 percentage points ahead of the opposition Labour Party.
IFX Market Report: Monday 18th November 2019
The pound was once again boosted by the Brexit Party on Friday as it chose to stand down candidates from over 40 seats that were not held by the Conservative Party.
IFX Market Report: Friday 15th November 2019
Analysts were confused yesterday as the pound rallied late on to climb 0.4% against the euro to reach a six-month high.
IFX Market Report: Thursday 14th November 2019
The pound was stable on Wednesday as weaker economic data was balanced with favourable political developments.
IFX Market Report: Wednesday 13th November 2019
The pound hit a six-month high against the euro on Monday after the Brexit Party said it would not compete in seats won by the Conservative Party in the 2017 general election.
IFX Market Report: Tuesday 12th November 2019
The pound hit a six-month high against the euro on Monday after the Brexit Party said it would not compete in seats won by the Conservative Party in the 2017 general election.
