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 15th July 2019
The pound ended a 9-week losing streak against the euro and moved away from 6-month lows against the US dollar on Friday despite weak economic data and the increased likelihood of an interest rate cut in the event of a no deal Brexit.
IFX Market Report: Friday 12th July 2019
The dollar fell to one-week lows on Thursday after Federal Reserve Chairman Jerome Powell continued his statement to Congress, in which he reinforced expectations of an interest-rate cut.
IFX Market Report: Thursday 11th July 2019
Yesterday the dollar fell against its major rivals after Federal Reserve Chairman Jerome Powell struck a dovish tone in his statement to Congress.
IFX Market Report: Wednesday 10th July 2019
Yesterday the pound fell to an almost two-year low against the US dollar despite a parliamentary vote narrowly passing surrounding the collapsed Northern Ireland Executive
IFX Market Report: Tuesday 9th July 2019
The pound moved lower against the dollar yesterday amid poor economic data and the continued expectation of a cut in interest rates, this was also exacerbated positive US jobs data.
IFX Market Report: Monday 8th July 2019
The US dollar continued to strengthen on Friday after US jobs growth rebounded strongly in June.
IFX Market Report: Thursday 4th July 2019
The pound fell on Wednesday as market data continued to indicate that the Bank of England would have to fall in line with other major central banks and cut interest rates this year to counteract a declining economic outlook.
IFX Market Report: Wednesday 3rd July 2019
The pound sustained losses on Tuesday as markets starting betting that the Bank of England would lower interest rates this year.
IFX Market Report: Tuesday 2nd July 2019
Data released yesterday morning in the UK showed the manufacturing sector suffered its steepest decline in activity in over 6 years.
