Market Reports

13 Sep 2024

IFX Market Report: Friday 2nd August 2024

2 min read

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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24 Jan 2023

IFX Market Report: Tuesday 24th January 2023

2 min read

This morning UK Government borrowing rose to the highest December number on record at £27.4bn as debt interest jumped to £17.3bn.

18 Jan 2023

IFX Market Report: Wednesday 18th January 2023

2 min read

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.

13 Jan 2023

IFX Market Report: Friday 13th January 2023

2 min read

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.

10 Jan 2023

IFX Market Report: Tuesday 10th January 2023

2 min read

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.

5 Jan 2023

IFX Market Report: Thursday 5th January 2023

2 min read

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.

22 Dec 2022

IFX Market Report: Thursday 22nd December 2022

2 min read

UK GDP figures released this morning showed that the economy contracted 0.3% which was slightly worse than the 0.2% expected.

16 Dec 2022

IFX Market Report: Friday 16th December 2022

2 min read

Yesterday saw the pound weaken considerably even after we saw an interest rate hike for the ninth time in a year.

14 Dec 2022

IFX Market Report: Wednesday 14th December 2022

2 min read

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.

9 Dec 2022

IFX Market Report: Friday 9th December 2022

2 min read

The UK Government has announced what they describe as the biggest shake up in decades of banking financial regulations.

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