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 13th September 2023
In July, the UK’s economy saw a 0.5% contraction, which was influenced by factors such as strikes and unfavorable summer weather, according to initial official reports.
IFX Market Report: Wednesday 6th September 2023
The recent increase in oil prices has sparked concerns that interest rates may need to remain elevated for an extended period to combat inflation, which could negatively impact economic growth.
IFX Market Report: Tuesday 29th August 2023
This morning, the UK experienced a decrease in shop price inflation during August, marking the lowest point in nearly a year.
IFX Market Report: Thursday 3rd August 2023
In July, the UK manufacturing industry experienced a further decline as output, new orders, and employment all saw accelerated falls, as per the most recent economic data.
IFX Market Report: Wednesday 26th July 2023
In July, there was a significant deceleration in the UK’s economic activity, mainly due to the impact of increasing interest rates on consumer spending and a further decline in manufacturing.
IFX Market Report: Thursday 20th July 2023
Yesterday saw the first piece of positive news for people needing to re-mortgage in the near future.
IFX Market Report: Thursday 13th July 2023
Andrew Bailey, the Governor of the Bank of England, has stated that he expects inflation to decrease significantly this year.
IFX Market Report: Tuesday 4th July 2023
Supermarket chain Sainsbury has announced that after months of rising prices, food inflation is now declining, with May’s figure showing a decrease from 15.9% to 15.4%.
IFX Market Report: Wednesday 21st June 2023
While the UK economy has displayed resilience and improved growth prospects due to reduced energy costs, more predictable fiscal policies, and improved relations with European Union trading partners, persistent inflation levels pose a challenge.
