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: Friday 5th November 2021
Sterling plummeted on Thursday as the Bank of England decided to keep interest rates on hold this month.
IFX Market Report: Thursday 4th November 2021
The Pound was able to claw back some of its recent losses on Wednesday, marking gains against both the Dollar and Euro by the close.
IFX Market Report: Wednesday 3rd November 2021
The foreign exchange market remains steady on Wednesday morning as investors prepare for the latest monetary policy decision from the US Federal Reserve.
IFX Market Report: Tuesday 2nd November 2021
Markets remained largely quiet yesterday, with investors bracing themselves ahead of the central bank meetings this week.
IFX Market Report: Monday 1st November 2021
After regaining the 1.3800 handle on Thursday, Cable experienced some serious push back on Friday as the pair fell to its weakest level since mid-October due to renewed Brexit concerns and broad-based Dollar strength.
IFX Market Report: Friday 29th October 2021
The Dollar suffered another day of losses on Thursday, falling even further against Sterling and the Euro.
IFX Market Report: Thursday 28th October 2021
The Dollar struggled on Wednesday as the “American currency fell away from investors’ radars”, due largely to US government bond yields falling to “worrisome levels”.
IFX Market Report: Wednesday 27th October 2021
GBPEUR surged to fresh yearly highs on Tuesday, marking a third straight day of upside for the pair.
IFX Market Report: Tuesday 26th October 2021
While the Pound is still showing signs of strength due to an upbeat market sentiment, fears surrounding Brexit have kept “GBPUSD price action within the 1.3700 – 1.3800 range”.
