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: Wednesday 29th December 2021
Cable has been able to hold on above the 1.34 handle on Wednesday after having reached five-week highs of 1.3461 on Tuesday.
IFX Market Report: Friday 24th December 2021
Sterling traded well on Thursday, marking gains against both the Dollar and Euro in the session.
IFX Market Report: Thursday 23rd December 2021
Sterling and Euro have been able to capitalize on a weaker Dollar as safe-haven currencies lost momentum on Wednesday due to “signs that the Omicron variant of COVID-19 might be less severe than feared”.
IFX Market Report: Wednesday 22nd December 2021
Sterling remained steady on Tuesday as Boris Johnson announced that there is not “enough evidence to justify any tougher measures before Christmas”.
IFX Market Report: Tuesday 21st December 2021
Despite starting the week strong, improved market sentiment is forcing the Dollar lower on Tuesday.
IFX Market Report: Monday 20th December 2021
Sterling is down on Monday as “a broad risk-off mood swept though financial markets” in the early hours due to the investor’s fears over the spread of the Omicron COVID-19 variant.
IFX Market Report: Friday 17th December 2021
Sterling spiked on Thursday as the Bank of England became the world’s first major central bank to hike interest rates since the start of the COVID-19 pandemic.
IFX Market Report: Thursday 16th December 2021
The US Dollar is down this morning as the Federal Reserve last night announced it will be doubling the rate at which it will reduce its bond purchases, and new forecasts from policymakers signalled as many as three interest rate hikes in 2022.
IFX Market Report: Wednesday 15th December 2021
With investors attentions focused on this evenings FOMC meeting, markets traded in a tight range yesterday as they did on Monday.
