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: Monday 11th November 2019
The pound fell on Friday as investors awaited more political developments ahead of the December 12th general election.
IFX Market Report: Friday 8th November 2019
The pound fell to a two-week low on Thursday after two Bank of England officials voted to cut interest rates this month, whilst others said they would consider doing the same if the weight of Brexit and global trade uncertainty did not ease.
IFX Market Report: Thursday 7th November 2019
The pound was steady on Wednesday as investors calculated the currency risks associated with the general election and how it will impact the UKs ability to exit the EU before January 31st.
IFX Market Report: Wednesday 6th November 2019
The pound made gains against the euro on Tuesday after UK Services Data rose more than expected in October but fell against a broadly stronger dollar.
IFX Market Report: Tuesday 5th November 2019
The pound was down 0.1% against the dollar and euro on Monday as investors are fully focused on the December 12th general election as parties have begun launching their campaigns.
IFX Market Report: Monday 4th November 2019
The pound made slight gains on Friday despite reports that Brexit Party leader Nigel Farage said his party would stand candidates in all seats unless the Prime Minister abandoned the deal he has negotiated.
IFX Market Report: Friday 1st November 2019
The pound rose to over $1.29 on Thursday, its biggest monthly rise in more than a decade, as the risks of leaving the European Union without a no deal receded and the dollar struggled in the face of weak economic data and a rate-cut.
IFX Market Report: Thursday 31st October 2019
The pound was largely unchanged on Wednesday after it was finally confirmed that the UK would be having a general election on the 12th of December after the EU confirmed a delay to the Brexit deadline until January 31st.
IFX Market Report: Wednesday 30th October 2019
The pound made some gains against a weaker dollar yesterday as investors awaited whether UK parliament would approve a general election for December 12th as per the government’s proposal.
