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 18th June 2019
The pound fell on Monday as Boris Johnson continued to look the most likely candidate to replace Theresa May as Prime Minister.
IFX Market Report: Monday 17th June 2019
The US dollar rose on Friday to its highest level in nearly 2 weeks following encouraging retail sales data that helped to reassure investors about the health of the US economy.
IFX Market Report: Friday 14th June 2019
Boris Johnson cleared the first hurdle in his campaign to become Prime Minister Theresa May’s successor by claiming the top spot in yesterday’s leadership vote.
IFX Market Report: Thursday 13th June 2019
The pound had a mixed day on Wednesday as the Britain’s main opposition party tried to introduce legislation to make it impossible for the UK to leave the EU without a deal.
IFX Market Report: Wednesday 12th June 2019
The pound rose on Tuesday, pulling away from 5-month lows against the euro following a surprise uptick in UK wage growth.
IFX Market Report: Monday 10th June 2019
Sterling reached a two-week high against the dollar on Friday after weak US jobs data hurt the greenback and strengthened the argument for an interest rate cut in the US.
IFX Market Report: Friday 7th June 2019
The euro rallied yesterday after the European Central Bank surprised markets by not mentioning or hinting at an interest rate cut but instead chose to defer a rate rise.
IFX Market Report: Thursday 6th June 2019
The pound rose to its highest level in a week against the US dollar, helped by better-than-expected data from Britain’s services sector as well as weakness in the dollar.
IFX Market Report: Wednesday 5th June 2019
The pound recovered on Tuesday but was still held back by concerns of a hard Brexit despite President Trump’s promise of a “phenomenal” post-Brexit trade deal.
