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: Friday 18th February 2022
Sterling was able to mark gains against both the Euro and Dollar yesterday as “expectations of a rate hike by the Bank of England continued to support the Pound”.
IFX Market Report: Thursday 17th February 2022
Sterling was able to make subtle gains against the Dollar on Wednesday, edging slightly higher after the release of the Federal Reserve’s January Minutes.
IFX Market Report: Wednesday 16th February 2022
The Euro enjoyed a strong run of form on Tuesday as geopolitical tensions appeared to ease with reports “that some Russian forces had moved away from the Ukrainian border”.
IFX Market Report: Tuesday 15th February 2022
Sterling was able to make minor gains on Monday as global risk sentiment soured due to growing tensions between Russia and Ukraine.
IFX Market Report: Monday 14th February 2022
Sterling remained steady on Friday as the latest data from the Office for National Statistics showed that the British economy grew 7.5% in 2021, rebounding “from its historic 9.4% plunge in 2020 when pandemic restrictions stifled activity”.
IFX Market Report: Friday 11th February 2022
After consecutive days of little activity in the foreign exchange markets, soaring US inflation data published yesterday afternoon finally gave investors something to act on.
IFX Market Report: Thursday 10th February 2022
Foreign exchange markets once again saw little price action on Wednesday as investors turn their attention to today’s economic data releases.
IFX Market Report: Wednesday 9th February 2022
Foreign exchange markets once again traded flat on Tuesday as investors await a busy schedule of economic data releases on Thursday.
IFX Market Report: Tuesday 8th February 2022
With a lack of economic data releases, and investors having a better sense of global central bank policy after last weeks meetings, Monday proved to be yet another relatively calm session in the foreign exchange markets.
