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: Monday 7th February 2022
2 min readAfter a volatile session on Thursday, FX markets traded rather flat on Friday.
IFX Market Report: Friday 4th February 2022
2 min readThe Bank of England raised interest rates for the second time in three months yesterday in an attempt to tame rising inflation.
IFX Market Report: Thursday 3rd February 2022
2 min readSterling continued to gain momentum on Wednesday as investors increased their bets of a Bank of England interest rate hike this afternoon.
IFX Market Report: Wednesday 2nd February 2022
2 min readSterling gained further momentum on Tuesday as investors become increasingly confident that the Bank of England will “impose back-to-back rate hikes for the first time since 2004”.
IFX Market Report: Tuesday 1st February 2022
2 min readMarkets traded largely flat on Monday as investors await key economic data releases and central bank meetings this week.
IFX Market Report: Monday 31st January 2022
2 min readAfter hitting 3-week lows on Tuesday, Sterling showed signs of recovery yesterday as the currency “steadied… as some calm in stocks led traders to buying back into hard-hit currencies”.
IFX Market Report: Monday 31st January 2022
2 min readSterling marked impressive gains against both the Dollar and Euro on Friday as investors eagerly anticipate this weeks Bank of England (BoE) interest rate decision.
IFX Market Report: Thursday 27th January 2022
2 min readAfter hitting 3-week lows on Tuesday, Sterling showed signs of recovery yesterday as the currency “steadied… as some calm in stocks led traders to buying back into hard-hit currencies”.
IFX Market Report: Wednesday 26th January 2022
2 min readAfter a volatile start to the week, markets calmed on Tuesday. Sterling made subtle gains against both the Euro and the Dollar in yesterday’s session after recording tough losses on Monday.
