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: Wednesday 16th November 2022
Rishi Sunak believes that Brexit is not to blame for the UK’s economic difficulties, and despite evidence that leaving the EU has resulted in a reduction in trade, the finger is pointed at Covid and Russia’s invasion of Ukraine.
IFX Market Report: Monday 14th November 2022
Last week saw the USD weaken after better than expected inflation data reduced the likelihood of large rate hikes.
IFX Market Report: Friday 11th November 2022
Preliminary GDP figures this morning showed that the economy contracted 0.2% , marking the first step towards a recession. Despite this the pound held its ground across the board.
IFX Market Report: Monday 7th November 2022
When Brexit was announced back in 2016, analysts predicted that the UK economy would collapse without the support of Europe.
IFX Market Report: Thursday 3rd November 2022
Yesterday saw the US Federal Reserve raise its key interest rate by 0.75 percentage points, lifting it to 4% which is the highest rate since early 2008.
IFX Market Report: Wednesday 2nd November 2022
In one of the most important moments in economic history, the commonly used phrase ‘Quantitative Easing’ that we’ve heard many times since the economic crash in 2008 will now be reversed to ‘Quantitative tightening’.
IFX Market Report: Tuesday 1st November 2022
Aside from Eurozone inflation and GDP figures mentioned in yesterday’s report, Monday was a fairly quiet day for data, with the only major other release being US PMI data.
IFX Market Report: Monday 31st October 2022
Last week saw the pound strengthen after new Prime Minister Rishi Sunak agreed to push the date of the economic decision to 17th November, so that the right decision could be made.
IFX Market Report: Friday 28th October 2022
US GDP between July and September grew 2.6%, beating forecasts of 2.3%, and reversing the -0.6% of contraction in the previous quarter.
