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: Monday 25th July 2022
This week will see the Fed increase interest rates again after inflation reached 9.1% in June in the US. Markets are expecting a 75bps increase, which will set the Fed fund’s rate to 2.5%.
IFX Market Report: Friday 22nd July 2022
The European Central Bank increased its interest rates by 50 basis points yesterday as it tries to fight inflation which reached 8.6% in June.
IFX Market Report: Thursday 21st July 2022
The Euro rebounded this morning ahead of the ECB’s interest rate decision this afternoon.
IFX Market Report: Wednesday 20th July 2022
Reassuring news from Europe yesterday as the continent feared the Nord Stream gas pipeline would not resume amidst tensions between the EU and Russia.
IFX Market Report: Friday 15th July 2022
China is facing recession in Q2 with GDP figures show the Asian giant’s economy contracted by -2.6%, worse than the -1.5% contraction expected.
IFX Market Report: Thursday 14th July 2022
Yesterday data from the US showed that inflation rose 9.1% in June, more than expected and puts pressure on consumers.
IFX Market Report: Wednesday 13th July 2022
The United Kingdom saw its economy grow in Q1 despite analysts expecting the economy to stall as inflation grew.
IFX Market Report: Tuesday 12th July 2022
The US dollar hit a new two-decade high against major currencies, buoyed by the search for a safe-haven asset and expectations of further aggressive rate hikes from the Federal Reserve.
IFX Market Report: Thursday 7th July 2022
The United Kingdom’s political crisis continues with over 50 government officials resigning since Tuesday evening as Boris Johnson clings to power.
