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: Thursday 18th November 2021
2 min readThe Euro suffered yesterday as the COVID-19 situation is Western Europe is becoming increasingly worse.
IFX Market Report: Wednesday 17th November 2021
2 min readThe 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
2 min readThe 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
2 min readThe 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
2 min readThe Pound suffered a sharp decline on Thursday morning as a direct result of poor UK GDP data.
IFX Market Report: Thursday 11th November 2021
2 min readOctober’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
2 min readSterling had an uneventful session on Tuesday, trading rather flat against the Euro and US Dollar.
IFX Market Report: Tuesday 9th November 2021
2 min readSterling 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
2 min readSterling’s aggressive sell off continued on Friday as the Pound hit a five-week low against the Dollar.
