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 4th June 2019
The US dollar fell after a senior member of the Federal Reserve said a cut in interest rates “may be warranted soon” as global trade tensions posed a risk to economic stability.
IFX Market Report: Monday 3rd June 2019
With most Conservative Party candidates vying for a harder line on Brexit, traders continue to worry about the future of the pound.
IFX Market Report: Friday 31st May 2019
The pound was once again unmoved near its four-month lows as investors wait for the result of the contest to succeed Prime Minister Theresa May.
IFX Market Report: Thursday 30th May 2019
The pound once again remained near its four-month low on Wednesday as investors have begun preparing for large swings in the pound with the contest to succeed Prime Minister Theresa May now underway
IFX Market Report: Wednesday 29th May 2019
Sterling remained near its four-month lows on Tuesday with the outcome of last week’s European election seen as giving fuel to those Conservative party leadership contenders.
IFX Market Report: Tuesday 28th May 2019
The pound rose on 0.15% against the dollar over the weekend, having regained some ground on the back of Theresa May’s departure.
IFX Market Report: Friday 24th May 2019
This morning Prime Minister Theresa May declared her resignation date as the 7th of June. The pound had fallen further early yesterday but began to pick up.
IFX Market Report: Thursday 23rd May 2019
Sterling fell on Wednesday and was heading for its longest ever losing streak against the euro
IFX Market Report: Wednesday 22nd May 2019
The pound fell below $1.27 yesterday for the first time since mid-January.
