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: Wednesday 1st December 2021
Despite catching “fresh bids during the European session” on Tuesday morning, Cable came under significant selling pressures in the afternoon, closing the day back in the 1.32 range.
IFX Market Report: Tuesday 30th November 2021
The new COVID-19 Omicron variant forced an uncertain mood over markets on Monday.
IFX Market Report: Monday 29th November 2021
The Euro impressed on Friday, marking a rare session of gains against the Dollar and Pound.
IFX Market Report: Friday 26th November 2021
The US Dollar maintained its recent run of form on Thursday as the US celebrated the Thanksgiving national holiday.
IFX Market Report: Thursday 25th November 2021
The US Dollar gained momentum on Wednesday, marking gains against both the Pound and Euro.
IFX Market Report: Wednesday 24th November 2021
Cable extended its losses on Tuesday as the US Dollar “continues to benefit from the reselection of Jay Powell as US Federal Reserve Chair”.
IFX Market Report: Tuesday 23rd November 2021
The US Dollar was able to set a 16-month high against the Euro on Monday after Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden.
IFX Market Report: Monday 22nd November 2021
Strong data on Friday enabled Sterling to maintain momentum in the session, marking gains against both the Dollar and Euro by the close of the week.
IFX Market Report: Friday 19th November 2021
Sterling had a tough session on Thursday, marking losses against both the Euro and US Dollar.
