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 […]
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IFX Market Report: Tuesday 24th January 2023
This morning UK Government borrowing rose to the highest December number on record at £27.4bn as debt interest jumped to £17.3bn.
IFX Market Report: Wednesday 18th January 2023
The pound made some gains across the board this morning after inflation figures for November came in slightly better than expected at 10.5%, which was an improvement from 10.7% in November and certainly down from the peak of 11.1% in October.
IFX Market Report: Friday 13th January 2023
The last few days saw little movement in the markets, as investors waited for the release of US inflation figures yesterday afternoon and GDP figures for the UK this morning.
IFX Market Report: Tuesday 10th January 2023
Now that normal service has resumed in 2023 the Dollar has lost some ground against the majors after recent weak data and talks of slowing interest rate hikes.
IFX Market Report: Thursday 5th January 2023
Just as we enter into 2023 economists have already started to portray the economic outlook for the UK in a negative light, as many believe that the UK economy will contract more than Russia In 2023.
IFX Market Report: Thursday 22nd December 2022
UK GDP figures released this morning showed that the economy contracted 0.3% which was slightly worse than the 0.2% expected.
IFX Market Report: Friday 16th December 2022
Yesterday saw the pound weaken considerably even after we saw an interest rate hike for the ninth time in a year.
IFX Market Report: Wednesday 14th December 2022
Last week saw much calmer market conditions compared to what has taken place over the past 6 months, with cable sitting between 1.22 – 1.23 for the majority of the week, and EUR/USD trading between 1.0450 and 1.0550.
IFX Market Report: Friday 9th December 2022
The UK Government has announced what they describe as the biggest shake up in decades of banking financial regulations.
