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: Monday 7th February 2022
After a volatile session on Thursday, FX markets traded rather flat on Friday.
IFX Market Report: Friday 4th February 2022
The Bank of England raised interest rates for the second time in three months yesterday in an attempt to tame rising inflation.
IFX Market Report: Thursday 3rd February 2022
Sterling continued to gain momentum on Wednesday as investors increased their bets of a Bank of England interest rate hike this afternoon.
IFX Market Report: Wednesday 2nd February 2022
Sterling gained further momentum on Tuesday as investors become increasingly confident that the Bank of England will “impose back-to-back rate hikes for the first time since 2004”.
IFX Market Report: Tuesday 1st February 2022
Markets traded largely flat on Monday as investors await key economic data releases and central bank meetings this week.
IFX Market Report: Monday 31st January 2022
After hitting 3-week lows on Tuesday, Sterling showed signs of recovery yesterday as the currency “steadied… as some calm in stocks led traders to buying back into hard-hit currencies”.
IFX Market Report: Monday 31st January 2022
Sterling marked impressive gains against both the Dollar and Euro on Friday as investors eagerly anticipate this weeks Bank of England (BoE) interest rate decision.
IFX Market Report: Thursday 27th January 2022
After hitting 3-week lows on Tuesday, Sterling showed signs of recovery yesterday as the currency “steadied… as some calm in stocks led traders to buying back into hard-hit currencies”.
IFX Market Report: Wednesday 26th January 2022
After a volatile start to the week, markets calmed on Tuesday. Sterling made subtle gains against both the Euro and the Dollar in yesterday’s session after recording tough losses on Monday.
