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 20th September 2019
The pound hit a two-month high on Thursday after comments from European Commission President Jean-Claude Juncker that a deal between the UK and Brussels is still possible.
IFX Market Report: Thursday 19th September 2019
The pound fell yesterday morning as poor inflation data saw the prices of goods and services rise less than expected in August.
IFX Market Report: Wednesday 18th September 2019
The pound made gains on Tuesday and was heading for six-week highs against the dollar.
IFX Market Report: Tuesday 17th September 2019
The pound fell on Monday, losing some of last week’s gains following comments from Luxembourg Prime Minister Xavier Bettel that highlighted the difference between the UK’s and EU’s approach to Brexit.
IFX Market Report: Monday 16th September 2019
The pound extended its rally last Friday as investors reacted to reports that Ireland’s biggest political party had potentially agreed to accept certain EU rules.
IFX Market Report: Friday 13th September 2019
The pound made gains against the dollar on Thursday but lost ground against the euro as the single currency enjoyed a rebound after the European Central Banks stimulus package announcement.
IFX Market Report: Thursday 12th September 2019
The pound remained steady on Wednesday as investors considered whether Boris Johnson could strike a deal with the EU before October 31st.
IFX Market Report: Wednesday 11th September 2019
The pound was largely unchanged on Tuesday as investors avoided any heavy betting until there was further clarity on whether the UK could still be leaving the EU on the 31st of October without a withdrawal agreement in place.
IFX Market Report: Tuesday 10th September 2019
The pound enjoyed another day of gains as raft of UK economic output data released in the morning beat expectations.
