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: Thursday 18th November 2021
The Euro suffered yesterday as the COVID-19 situation is Western Europe is becoming increasingly worse.
IFX Market Report: Wednesday 17th November 2021
The UK’s Unemployment Rate dropped below forecast in September, coming in at 4.3% with a previous of 4.5%.
IFX Market Report: Tuesday 16th November 2021
The Euro came under more pressure on Monday as European Central Bank President Christine Lagarde reiterated her view that conditions for a rate hike are “very unlikely” to be met in 2022.
IFX Market Report: Monday 15th November 2021
The Dollar is trading strong this morning, still finding gains from last week’s “surprisingly” high inflations figures, which in turn “prompted investors to advance their bets for a Fed rate hike”.
IFX Market Report: Friday 12th November 2021
The Pound suffered a sharp decline on Thursday morning as a direct result of poor UK GDP data.
IFX Market Report: Thursday 11th November 2021
October’s US Inflation Rate came as a massive boost to the Greenback yesterday, helping the currency end a 3-day streak of losses.
IFX Market Report: Wednesday 10th November 2021
Sterling had an uneventful session on Tuesday, trading rather flat against the Euro and US Dollar.
IFX Market Report: Tuesday 9th November 2021
Sterling was able to make a slight recovery on Monday as a positive market sentiment helped the currency to rise.
IFX Market Report: Monday 8th November 2021
Sterling’s aggressive sell off continued on Friday as the Pound hit a five-week low against the Dollar.
