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 more
IFX Market Report: Thursday 3rd March 2022
Sterling was able to recover some of its recent losses on Wednesday as it marked gains against both the Dollar and Euro.
IFX Market Report: Wednesday 2nd March 2022
An increased demand for safe-haven assets yesterday allowed the US Dollar to force gains against both the Euro and Sterling.
IFX Market Report: Tuesday 1st March 2022
After slipping into the 1.33 range early in the session, GBPUSD was able to recover slightly by the close yesterday, finishing above the 1.34 mark.
IFX Market Report: Monday 28th February 2022
Sterling fell against both the US Dollar and Euro on Friday as market sentiment continued to worsen due to ongoing conflict in Ukraine.
IFX Market Report: Friday 25th February 2022
Global markets became incredibly volatile on Thursday as Russian forces invaded Ukraine in a “full-scale” assault. Ukraine yesterday reported troops “pouring across the borders with Russia and Belarus from the north and east, and landing on the coasts from the Black Sea in the southwest and Azov Sea in the southeast”.
IFX Market Report: Thursday 24th February 2022
Sterling stuttered once again on Wednesday as notable Bank of England members played down the chance of aggressive rate hikes this year.
IFX Market Report: Wednesday 23rd February 2022
Sterling lost momentum on Tuesday, falling to a six-day low against the US Dollar and Euro as investors became increasingly “cautious on the British currency amid the Russia-West stand-off over Ukraine”.
IFX Market Report: Tuesday 22nd February 2022
GBPEUR was able to close beyond the 1.20 handle on Monday as investors continue to bet on further Bank of England interest rate action.
IFX Market Report: Monday 21st February 2022
Risk sentiment soured on Friday as tensions over the Russia-Ukraine conflict appeared to get worse.
