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 9th September 2019
The pound fell slightly on Friday after a turbulent week which saw it plunge to a three-year low before making a strong recovery.
IFX Market Report: Friday 6th September 2019
The pound jumped to a five-week high on Thursday as MPs voted to prevent Prime Minister Boris Johnson from taking the UK out of the EU on the 31st of October without an agreement in place.
IFX Market Report: Thursday 5th September 2019
Prime Minister Boris Johnson lost another two crucial votes in the Houses of Parliament yesterday.
IFX Market Report: Wednesday 4th September 2019
Last night Boris Johnson’s government lost a crucial vote in Parliament, the first step of a cross-party motion to prevent the UK leaving the European Union on Oct 31st without a deal.
IFX Market Report: Tuesday 3rd September 2019
Today marks a historic day in British politics as events in Parliament could either steer the UK to an almost guaranteed EU exit on Oct 31st or a general election as early as Oct 14th.
IFX Market Report: Monday 2nd September 2019
The pound made strong gains against the euro on Friday as the single currency suffered against its major rivals, making the pound more appealing to investors.
IFX Market Report: Friday 30th August 2019
Sterling volatility gauge hit its highest level of 2019 on Thursday as Prime Minister Boris Johnson announced plans to shut down parliament for more than a month in September.
IFX Market Report: Thursday 29th August 2019
The pound fell to a six-day low on Wednesday as the UK’s Queen Elizabeth approved Prime Minister Boris Johnson’s request to suspend parliament, leaving opposition lawmakers very little time to prevent a no-deal Brexit.
IFX Market Report: Wednesday 28th August 2019
The pound rose on Tuesday as opposition parties have begun to rally in order to prevent a no-deal Brexit on October 31st.
