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 15th June 2022
The British Pound plunges after Scottish government announces plans for a new referendum about independence, UK labour market boosts good figures despite stalling economy, most factories in Shanghai to resume work and the crypto markets keep plunging with fears that a collapse might be contagious.
IFX Market Report: Tuesday 14th June 2022
The United Kingdom’s economy shrunk in April, the US dollar strengthens, global stock markets make losses and the crypto markets continue their downfall after losing over $200bn over the weekend.
IFX Market Report: Monday 13th June 2022
The US dollar made strong gains at the end of last week as the Fed is set to raise rates this week, while the ECB will raise rates in July.
IFX Market Report: Monday 6th June 2022
The UK Prime Minister Boris Johnson will face vote of confidence this Monday as dissatisfaction in his leadership has been mounting over recent months.
IFX Market Report: Tuesday 31st May 2022
The 27 member states of the European Union have agreed on a plan to block over 75% of their Russian oil imports, and oil prices jumped following the move from the EU members.
IFX Market Report: Friday 27th May 2022
Yesterday, Chancellor Rishi Sunak announced a “Energy Profits Levy” yesterday on oil and gas firms to finance a plan that will help every household in the UK get a £400 bill discount this October.
IFX Market Report: Monday 30th May 2022
China is set to lift Beijing and Shanghai’s lockdown and the US Dollar is heading for its first monthly losses in over five months, and Europe start-ups part ways with their workforce as fundraising slows down.
IFX Market Report: Thursday 26th May 2022
Fed Minutes from May meeting show the central bank is considering a more hawkish stance on interest rates.
IFX Market Report: Wednesday 25th May 2022
Monetary policy outlook from the Fed and the ECB have been the main factors this week on currency markets as traders and investors await clues about interest rates hikes from both central banks as they aim to fight inflation.
