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 9th August 2019
A dim light was lit at the end of a long tunnel yesterday by Mike Pompeo, who came out saying that the US will be waiting with ‘pen in hand’ to sign a post Brexit trade agreement, with the UK.
IFX Market Report: Thursday 8th August 2019
Whispers of a lingering global recession got a bit louder yesterday as 3 central banks made surprise rates cuts.
IFX Market Report: Wednesday 7th August 2019
With a lack of data ahead of tomorrow’s Non-Manufacturing figure from the States, markets are likely to once again shun fundamental data and technical analysis in favour of political sentiment.
IFX Market Report: Tuesday 6th August 2019
Trade war escalations between the US and China continued throughout Monday and the Chinese Yuan fell to the worst level seen since 2008, which certainly set alarm bells ringing.
IFX Market Report: Friday 2nd August 2019
Yesterday’s main news was the decision by the US Federal Reserve to reduce interest rates by 25bps, moving the range down to 2.0 -2.25%.
IFX Market Report: Thursday 1st August 2019
Yesterday’s main news was the decision by the US Federal Reserve to reduce interest rates by 25bps, moving the range down to 2.0 -2.25%.
IFX Market Report: Wednesday 31st July 2019
The pound continued to face heavy selling yesterday as investors who were previously on the fence have now decided that a no deal is too close for comfort and shed their sterling positions.
IFX Market Report: Tuesday 30th July 2019
The pound fell to a 28-month low on Monday and has continued to fall in early trading this morning.
IFX Market Report: Monday 29th July 2019
The pound fell on Friday as EU Commission President Jean-Claude Juncker reaffirmed the fact that the withdrawal agreement secured by Theresa May was the only option to proceed with Brexit.
