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: Wednesday 16th October 2019
The pound hit a 5-month high on Tuesday following a report that the EU was very close to agreeing to a withdrawal deal with the UK.
IFX Market Report: Tuesday 15th October 2019
Boris Johnson started the most significant week of his political career yesterday, his plans for Brexit rest in the balance, negotiations with the EU are in full flow, but without the backing of the House of Commons, the work of his team could all be in vain.
IFX Market Report: Monday 14th October 2019
The pound enjoyed another day of gains against the US dollar and euro on Friday as markets became more optimistic that a deal would be reached to ensure the UK leaves the European Union on the 31st of October in an orderly manner.
IFX Market Report: Friday 11th October 2019
The pound rallied on Thursday against both the euro and US dollar after UK Prime Minister Boris Johnson and his Irish counterpart Leo Varadkar issued a joint statement following their meeting earlier in the day which said they “could see a pathway to a possible deal”.
IFX Market Report: Thursday 10th October 2019
The pound had a volatile day on Wednesday as it first made gains on the hopes of a breakthrough with the EU withdrawal agreement, but these were later dashed, and the pound quickly lost ground again.
IFX Market Report: Wednesday 9th October 2019
The pound fell to a one month low yesterday as it looks like negotiations between the UK and EU are breaking down, with Angela Merkel describing a deal at this point as “overwhelmingly unlikely”.
IFX Market Report: Tuesday 8th October 2019
The pound lost ground on Monday as it became clear that the EU and the UK are still far from reaching a deal.
IFX Market Report: Monday 7th October 2019
The pound fell on Friday as further doubts crept in of a viable withdrawal agreement between the UK and EU.
IFX Market Report: Friday 4th October 2019
The pound jumped to an eight-day high on Thursday after the head of the Eurosceptic group of MPs described the government’s latest Brexit proposal as “tolerable”.
