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 […]
Read moreIFX Market Report: Tuesday 21st May 2019
The pound fell further on Monday as investors fully expect Prime Minister Theresa May to be unsuccessful in gaining parliamentary approval
IFX Market Report: Monday 20th May 2019
The pound fell to a four-month low on Friday after cross-party talks finally collapsed and now concerns are growing as to the possible implications of Theresa May’s resignation
USD index rises to its highest level in nearly 2 weeks
US – China trade tensions worsen after US President Trump blacklists Chinese telecoms company Huawei leading to rise in USD index
Pound falls against the Dollar
The pound has sunk to a four-month low against the dollar following the collapse of Brexit talks between the Conservatives and Labour.
