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: Thursday 27th October 2022
The Pound strengthened to its highest level in 6 weeks after the government announced it would delay the economic statement by two weeks, which means the new plan will be announced November 17th
IFX Market Report: Tuesday 25th October 2022
Rishi Sunak enters Number 10 today as the new Prime Minister after a second time trying, and his appointment has already calmed markets.
IFX Market Report: Monday 24th October 2022
After a turbulent week which saw the pound fall back into the 1.10 region, the pound seems to have gained some ground back as the market seems to be backing the potential appointment of Rishi Sunak after Boris Johnson pulled out in the race to become PM.
IFX Market Report: Friday 21st October 2022
After just 45 days as prime minister, Liz Truss has resigned this Thursday 20th October 2022.
IFX Market Report: Tuesday 18th October 2022
On Monday morning, the newly appointed Chancellor, Jeremy Hunt, announced a reversal of most of Prime Minister Liz Truss’ economic policies, bringing the financial markets into a maelstrom.
IFX Market Report: Monday 17th October 2022
Friday saw another turbulent day in the United Kingdom as Prime Minister Liz Truss removed her Chancellor Kwasi Kwarteng from office.
IFX Market Report: Friday 14th October 2022
Yesterday saw the pound jump by 2% to 1.1381 amidst reports the government may reverse part of its “mini-budget” proposals, with the cut to corporation tax and dividend taxes in sight.
IFX Market Report: Thursday 13th October 2022
The British economy fell by -0.3% in August as factories and consumer-facing businesses struggle according to ONS.
IFX Market Report: Tuesday 11th October 2022
The Bank of England intervened again this morning by announcing an expansion of its bond-buying scheme in hope of restoring order in the Kingdom’s bond and gilt market.
