Market Reports
IFX Market Report: Friday 2nd August 2024
2 min readThursday 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: Friday 18th February 2022
2 min readSterling was able to mark gains against both the Euro and Dollar yesterday as “expectations of a rate hike by the Bank of England continued to support the Pound”.
IFX Market Report: Thursday 17th February 2022
2 min readSterling was able to make subtle gains against the Dollar on Wednesday, edging slightly higher after the release of the Federal Reserve’s January Minutes.
IFX Market Report: Wednesday 16th February 2022
2 min readThe Euro enjoyed a strong run of form on Tuesday as geopolitical tensions appeared to ease with reports “that some Russian forces had moved away from the Ukrainian border”.
IFX Market Report: Tuesday 15th February 2022
2 min readSterling was able to make minor gains on Monday as global risk sentiment soured due to growing tensions between Russia and Ukraine.
IFX Market Report: Monday 14th February 2022
2 min readSterling remained steady on Friday as the latest data from the Office for National Statistics showed that the British economy grew 7.5% in 2021, rebounding “from its historic 9.4% plunge in 2020 when pandemic restrictions stifled activity”.
IFX Market Report: Friday 11th February 2022
2 min readAfter consecutive days of little activity in the foreign exchange markets, soaring US inflation data published yesterday afternoon finally gave investors something to act on.
IFX Market Report: Thursday 10th February 2022
2 min readForeign exchange markets once again saw little price action on Wednesday as investors turn their attention to today’s economic data releases.
IFX Market Report: Wednesday 9th February 2022
2 min readForeign exchange markets once again traded flat on Tuesday as investors await a busy schedule of economic data releases on Thursday.
IFX Market Report: Tuesday 8th February 2022
2 min readWith a lack of economic data releases, and investors having a better sense of global central bank policy after last weeks meetings, Monday proved to be yet another relatively calm session in the foreign exchange markets.
