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 26th July 2019
The euro recovered yesterday afternoon after falling to a two-month low against the US dollar as the European Central Bank announced they would leave interest rates on hold.
IFX Market Report: Thursday 25th July 2019
The pound enjoyed a rare day of gains against both the euro and US dollar following Boris Johnson taking office as UK Prime Minister.
IFX Market Report: Wednesday 24th July 2019
As widely expected, Boris Johnson won the Conservative party leadership campaign yesterday and will become Prime Minister Theresa May’s successor later today.
IFX Market Report: Tuesday 23rd July 2019
The pound continued its decline on Monday as investors believe the probability of a hard Brexit has increased ahead of today’s Conservative party election result.
IFX Market Report: Monday 22nd July 2019
After the pound saw its biggest daily jump on Thursday in over two months against the US dollar, it failed to close higher on Friday, falling back below the key 1.25 level as traders still worry the UK is heading for a no-deal Brexit.
IFX Market Report: Friday 19th July 2019
The pound rebounded on Thursday after retail data came in better than expected and lawmakers voted to make it more difficult for the next Prime Minister to force a no-deal by shutting down Parliament.
IFX Market Report: Thursday 18th July 2019
The pound gained 0.2% on the dollar yesterday despite falling to a two-year low earlier in the day.
IFX Market Report: Wednesday 17th July 2019
The pound fell below the $1.24 yesterday for the first time in over two years and hit six-month lows against the euro as both candidates to become the UK’s next Prime Minister competed over taking a harder Brexit stance.
IFX Market Report: Tuesday 16th July 2019
On Monday the pound returned towards 6-month lows against the US dollar and the euro as ongoing concerns about the UK’s economic growth, a potential interest rate cut, and a new prime minister all weighed heavily on sterling.
