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: Friday 14th April 2023
Over the past week the dollar has continued to weaken whilst the Euro has seen some strength. US Jobs growth slowed in March but still came in slightly above expectations.
IFX Market Report: Wednesday 5th April 2023
Businesses in the UK performed slightly more strongly than originally thought towards the end of 2022, which has boosted orders, confidence, hiring and investment intentions in March.
IFX Market Report: Wednesday 29th March 2023
BOE Governor Andrew Bailey has said that the UK banking system is “resilient” and the main focus for the Bank of England remains tackling high inflation, and that he is not unduly worried about the recent banking issues that Credit Suisse and SVB faced.
IFX Market Report: Friday 24th March 2023
Despite the recent Global banking issues, but due to an unexpected surge in inflation, the Bank of England has raised interest rates by 0.25% taking the base rate to 4.25%.
IFX Market Report: Tuesday 21st March 2023
A variety of news and data over the past few days has strengthened the pound across the board.
IFX Market Report: Thursday 16th March 2023
Last week, the U.S banking industry was rocked by the news of SVB and several other smaller banks.
IFX Market Report: Monday 13th March 2023
Friday saw one of the biggest banking shocks since the great recession, causing panic for thousands of SME’s particularly start-up businesses in the Fintech sector.
IFX Market Report: Wednesday 8th March 2023
The UK Chancellor is set to deliver his Spring Budget on March 15, with mounting pressure to revive the country’s economic fortunes after zero growth was recorded in the last quarter of 2022.
IFX Market Report: Friday 3rd March 2023
On Thursday, the British pound was trading lower against the US dollar, currently hovering close to 1.20, as the greenback found some support.
