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 6th December 2022
If the Labour party were to get back into power, leader Keir Starmer believes that re-joining the EU would have a negative impact on economic growth as it would bring further uncertainty to businesses as the UK would be better off with closer trade links that would come from a ‘better Brexit’ that they would negotiate.
IFX Market Report: Friday 2nd December 2022
The dollar continued to weaken yesterday as investors digested the FEDS announcement that they will calm interest rate hikes and potentially bring them back down as early as 2024.
IFX Market Report: Thursday 1st December 2022
The pound has been ‘choppy’ over the past few days, when yesterday saw the pound dip to 1.1899 before rebounding to 1.20 later in the afternoon.
IFX Market Report: Tuesday 29th November 2022
After a week of the dollar weakening against the major currencies, the greenback gained some ground back as the Covid unrest in China pushed investors into safe havens.
IFX Market Report: Friday 25th November 2022
Sir Dave Ramsden, BoE deputy governor, says that while he expects that interest rates will need to rise higher, there are “considerable uncertainties” about the economic outlook.
IFX Market Report: Wednesday 23rd November 2022
Tuesday was a pretty quiet day from a data perspective, with only UK Public Sector Net borrowing and Eurozone preliminary Consumer Confidence figures to note.
IFX Market Report: Tuesday 22nd November 2022
The UK is officially in recession, and where our GDP growth figure normally sits between the US and Europe, we are currently below both and look as if we will be the first to enter recession and the last to exit.
IFX Market Report: Friday 18th November 2022
As mentioned in yesterday’s report, Jeremy Hunt’s budget statement did not come as a shock to the markets as he laid out the plan to fill the £55bn fiscal hole.
IFX Market Report: Thursday 17th November 2022
Bank of England Governor Andrew Bailey thinks that Britain is suffering a worse economic performance than its rivals, as Brexit coupled with the sharp drop in workforce size since the pandemic weighs on the economy.
