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 more
IFX Market Report: Tuesday 28th February 2023
UK Prime Minister, Rishi Sunak, and President of the European Commission, Ursula von der Leyen, have announced a new deal to fix post-Brexit problems in Northern Ireland.
IFX Market Report: Thursday 23rd February 2023
The UK’s services sector witnessed a significant rebound in February, bolstering hopes that the country could evade recession in the first half of this year.
IFX Market Report: Friday 17th February 2023
Despite recent positive data in the UK including inflation and GDP figures, the pound has fallen over the past couple of days as investors seek currencies they believe will have the stronger ‘interest’ yield going forward.
IFX Market Report: Wednesday 15th February 2023
The markets have been somewhat choppy over the past few days after various pieces of data have defied the consensus.
IFX Market Report: Friday 10th February 2023
The UK narrowly avoided recession this morning despite the month of December showing a worse than expected 0.5% contraction.
IFX Market Report: Wednesday 8th February 2023
The dollar pulled back significant ground on Friday after Non Farm Payrolls and Employment data came out way above expectations.
IFX Market Report: Friday 3rd February 2023
The last few days have been dominated by Central bank interest rate moves and commentary regarding where they will go in the near future.
IFX Market Report: Tuesday 31st January 2023
The IMF have predicted that the UK economy will be the only major economy to shrink in 2023, which includes Russia in this category.
IFX Market Report: Friday 27th January 2023
Yesterday afternoon Cabinet secretary Michael Gove has likened the way that the UK economy has been run to a football team with a star striker, but a midfield that consistently struggles to get the ball upfield and a defence full of holes.
