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 25th October 2021
2 min readSterling had a fairly uneventful session on Friday, ending the week only slightly below where it started.
IFX Market Report: Friday 22nd October 2021
2 min readSterling 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
2 min readThe 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
2 min readSterling 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
2 min readThe 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
2 min readThe 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
2 min readSterling 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
2 min readThe 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
2 min readPoor economic data from Germany dented the Euro yesterday, allowing both Sterling and the Dollar to capitalize in the session.
