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: Thursday 31st March 2022
Sterling managed to recover some ground against the Dollar on Wednesday despite market sentiment worsening.
IFX Market Report: Wednesday 30th March 2022
The Euro made strong advances on Tuesday due to “constructive peace talks between Ukraine and Russia”.
IFX Market Report: Tuesday 29th March 2022
Sterling declined against the Euro and Dollar yesterday after Bank of England (BoE) Governor Andrew Bailey said that Britons will be facing a “very large shock to aggregate real income and spending” from rising prices of energy and imported goods.
IFX Market Report: Monday 28th March 2022
Sterling was able to finish last week with minor advances against both the Euro and Dollar.
IFX Market Report: Wednesday 23rd March 2022
Sterling advanced on Tuesday and recorded a two-week high against the Euro as the Pound “continued to retrace losses which followed what investors perceived as a “dovish” interest rate hike by the Bank of England on March 17”.
IFX Market Report: Tuesday 22nd March 2022
Sterling remained firm on Monday despite many downside pressures and a stronger Dollar.
IFX Market Report: Monday 21st March 2022
An improved market mood on Friday allowed Sterling to notch gains again both the Euro and Dollar.
IFX Market Report: Friday 18th March 2022
The British Pound fell on Thursday as the Bank of England voted 8-1 in favour of raising interest rates by 0.25%, taking the base rate to 0.75%.
IFX Market Report: Thursday 17th March 2022
The Federal Reserve yesterday decided to raise interest rates for the first time since 2018 and “laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic risks posed by excessive inflation and the war in Ukraine”.
