Market Reports

13 Sep 2024

IFX Market Report: Friday 2nd August 2024

2 min read

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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3 Mar 2022

IFX Market Report: Thursday 3rd March 2022

2 min read

Sterling was able to recover some of its recent losses on Wednesday as it marked gains against both the Dollar and Euro.

2 Mar 2022

IFX Market Report: Wednesday 2nd March 2022

2 min read

An increased demand for safe-haven assets yesterday allowed the US Dollar to force gains against both the Euro and Sterling.

1 Mar 2022

IFX Market Report: Tuesday 1st March 2022

2 min read

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.

28 Feb 2022

IFX Market Report: Monday 28th February 2022

2 min read

Sterling fell against both the US Dollar and Euro on Friday as market sentiment continued to worsen due to ongoing conflict in Ukraine.

28 Feb 2022

IFX Market Report: Friday 25th February 2022

2 min read

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”.

24 Feb 2022

IFX Market Report: Thursday 24th February 2022

2 min read

Sterling stuttered once again on Wednesday as notable Bank of England members played down the chance of aggressive rate hikes this year.

23 Feb 2022

IFX Market Report: Wednesday 23rd February 2022

2 min read

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”.

22 Feb 2022

IFX Market Report: Tuesday 22nd February 2022

2 min read

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.

21 Feb 2022

IFX Market Report: Monday 21st February 2022

2 min read

Risk sentiment soured on Friday as tensions over the Russia-Ukraine conflict appeared to get worse.

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