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: Tuesday 14th December 2021
Markets traded rather flat on Monday as investors brace themselves ahead of global central bank meetings this week.
IFX Market Report: Monday 13th December 2021
Sterling was able to gain some subtle upside to close the week on Friday, but still remains under pressure from Omicron fears and political problems.
IFX Market Report: Friday 10th December 2021
Sterling found itself under pressure once again on Thursday as UK cases of the Omicron variant are spreading faster than previously predicted by experts.
IFX Market Report: Thursday 9th December 2021
The British Pound struggled against the Euro and Dollar yesterday as the UK government announced tighter restrictions to “curb the spread of the virus”.
IFX Market Report: Wednesday 8th December 2021
Markets traded rather flat on Tuesday with little significant price-action in the session.
IFX Market Report: Tuesday 7th December 2021
Sterling was boosted on Monday morning following comments from the Bank of England’s Ben Broadbent.
IFX Market Report: Monday 6th December 2021
Sterling struggled on Friday as poor PMII data stunted any upside in the session.
IFX Market Report: Friday 3rd December 2021
Markets traded largely flat yesterday as investors wait for further direction on the Omicron COVID-19 variant.
IFX Market Report: Thursday 2nd December 2021
Despite catching “fresh bids during the European session” on Tuesday morning, Cable came under significant selling pressures in the afternoon, closing the day back in the 1.32 range.
