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 25th October 2021
Sterling had a fairly uneventful session on Friday, ending the week only slightly below where it started.
IFX Market Report: Friday 22nd October 2021
Sterling opens Friday morning on the backfoot after UK retail sales unexpectedly fell for a fifth consecutive month, adding to signs that “Britain’s economic recovery is losing momentum”.
IFX Market Report: Thursday 21st October 2021
The US Dollar experienced another aggressive sell-off in Wednesday’s session, marking losses against both the Euro and Sterling.
IFX Market Report: Wednesday 20th October 2021
Sterling strengthened yesterday after the Bank of England governor Andrew Bailey reiterated his claim that the central bank “will have to act” over rising inflation.
IFX Market Report: Tuesday 19th October 2021
The latest Chinese GDP data forced global markets into decline on Monday, creating a downbeat tone in the foreign exchange market.
IFX Market Report: Monday 18th October 2021
The Pound spiked against the US Dollar this morning as markets became increasingly hopeful the Bank of England will raise interest rates sooner than previously expected.
IFX Market Report: Friday 15th October 2021
Sterling was able to test key levels on Thursday and has maintained it’s recent gains against both the Euro and Dollar going into this mornings open.
IFX Market Report: Thursday 14th October 2021
The US Dollar weakened yesterday as September’s meeting minutes indicated the Federal Open Market Committee could end their stimulus programme by mid-2022.
IFX Market Report: Wednesday 13th October 2021
Poor economic data from Germany dented the Euro yesterday, allowing both Sterling and the Dollar to capitalize in the session.
