Market Reports
IFX Market Report: Friday 2nd August 2024
2 min readThursday 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
3 min readThe 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
2 min readThe 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
2 min readBoris 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
2 min readThe 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
2 min readThe 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
2 min readSterling 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
2 min readThe 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
2 min readThe 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
2 min readThe 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.
