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 3rd October 2019
The pound rebounded on Wednesday from the lows it hit in early trading as investors awaited details of the government’s new Brexit deal, which involves leaving Northern Ireland within the EU’s single market.
IFX Market Report: Wednesday 2nd October 2019
The pound continued to fall on Tuesday, breaking through technical support levels to hit a one-month low against the dollar.
IFX Market Report: Tuesday 1st October 2019
The pound made slight gains on Monday, despite data showing the UK economy contracted at a 0.2% quarterly rate.
IFX Market Report: Monday 30th September 2019
The pound fell on Friday after comments from the Bank of England that interest rates may need to be cut for the economy to cope with ongoing Brexit uncertainty.
IFX Market Report: Friday 27th September 2019
The pound recovered some of its losses yesterday as month-end rebalancing caused the pound to gain 0.1% against the dollar.
IFX Market Report: Thursday 26th September 2019
The pound fell more than 1% against the dollar on Wednesday as investors started pricing in many more months of Brexit uncertainty and a general election with a mixed possibility of outcomes.
IFX Market Report: Wednesday 25th September 2019
The pound jumped yesterday on the surprise announcement that the UK’s Supreme Court ruled against Prime Minister Boris Johnson on his closure of Parliament, calling it “unlawful”.
IFX Market Report: Tuesday 24th September 2019
The pound was stable on Monday as investors were searching for signs of progress in the Brexit negotiations as well as waiting for a Supreme Court ruling on whether Prime Minister Boris Johnson misled Her Majesty the Queen on his reasons for suspending parliament.
IFX Market Report: Monday 23rd September 2019
The pound retreated from its two-month highs on Friday after the Irish Foreign Minister said that London and the European Union were not close to a Brexit deal.
