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 27th August 2019
The pound fell on Friday after enjoying its biggest one-day rise in months the day before.
IFX Market Report: Friday 23rd August 2019
The pound rallied yesterday, hitting 3-week highs against the US dollar and euro following comments from German Chancellor Angela Merkel and what appeared to be a successful meeting between UK Prime Minister Boris Johnson and French President Emmanuel Macron.
IFX Market Report: Wednesday 21st August 2019
The pound reversed early losses against the US dollar and euro on Tuesday after German Chancellor Angela Merkel said the European Union would consider practical solutions surrounding the Northern Ireland border.
IFX Market Report: Tuesday 20th August 2019
The pound drifted lower on Monday, ending the run that saw it have its best week in over 2 months against the US dollar and euro.
IFX Market Report: Friday 16th August 2019
The pound enjoyed another day of gains yesterday as better-than-expected UK retail sales completed a trio of positive data releases that raised hopes that the UK economy is in better shape than experts has previously thought.
IFX Market Report: Thursday 15th August 2019
The pound rose on Wednesday following a surprise rise in UK inflation. The Consumer Price Index for the year leading up to July rose to 2.1% from 2.0% previously, analysts had expected annual inflation to cool slightly to 1.9%.
IFX Market Report: Wednesday 14th August 2019
UK jobs figures released yesterday morning surprised the markets and bucked the recent trend of poor data releases by coming out better than expected for the 3 months leading up to the end of June.
IFX Market Report: Tuesday 13th August 2019
The pound rose from multi-year lows on Monday against the euro and US dollar, helped by political uncertainty in Italy which drew investor attention temporarily away from Brexit related concerns.
IFX Market Report: Monday 12th August 2019
With the China-US trade dispute looking to drag on with no settlement in sight, the dollar remained on the defensive again the safe-haven Yen.
