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: Tuesday 29th 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.
IFX Market Report: Monday 28th October 2019
The pound fell slightly on Friday after the European Union approved an extension to the Brexit deadline but did not specify a date.
IFX Market Report: Friday 25th October 2019
The pound fell against the dollar on Thursday as the Prime Minister called for a general election on December 12th, having withdrawn the Brexit Bill from parliament.
IFX Market Report: Thursday 24th October 2019
The pound was stable against the dollar yesterday as markets continue to wait on what decision the EU will make in terms of granting an extension to the UK’s Brexit deadline.
IFX Market Report: Wednesday 23rd October 2019
The pound fell on Tuesday as MPs rejected the government’s proposed Brexit timetable.
IFX Market Report: Tuesday 22nd October 2019
The pound stayed near the $1.30 mark yesterday, losing only 0.02%, with the Speaker of The House blocking the government’s Brexit withdrawal deal coming to parliament for a second time.
IFX Market Report: Monday 21st October 2019
The pound closed at a high on Friday after investors were optimistic that a deal would be passed in Saturday’s parliamentary sitting of MPs.
IFX Market Report: Friday 18th October 2019
The pound fell on Thursday after having traded at five-month highs earlier in the day on the back of the UK government reaching a deal with the EU.
IFX Market Report: Thursday 17th October 2019
The pound had a volatile day yesterday amid mixed reports of whether the UK and EU were imminently going to reach a Brexit deal.
