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 […]
Read moreIFX Market Report: Friday 14th May 2021
FX Markets traded rather flat yesterday as G10’s “lacked any firm directional bias on Thursday”.
IFX Market Report: Thursday 13th May 2021
UK GDP figures came out better than expected yesterday, helping the Pound maintain its resilience against its G10 peers in the Wednesday session.
IFX Market Report: Wednesday 12th May 2021
Sterling was a touch softer on Tuesday, coming under difficult pressure but showing impressive resilience to maintain most of its previous gains against the Euro and Dollar.
IFX Market Report: Tuesday 11th May 2021
The Pound started the week exceptionally well on Monday, climbing to 1.41 against the USD, and above 1.16 against the Euro.
IFX Market Report: Monday 10th May 2021
A weaker Dollar on Friday and over the weekend has led to the Greenback making substantial losses against the Euro and Sterling.
IFX Market Report: Friday 7th May 2021
Sterling was cautious on Thursday as Brit’s headed to the polls for Local elections.
IFX Market Report: Thursday 6th May 2021
Sterling was able to make decent upside gains yesterday morning after the publication of a poll indicating the SNP is likely to miss out on the overall majority as Scot’s head to the polls today.
IFX Market Report: Wednesday 5th May 2021
While FX markets traded relative flat across the board, a strong US Dollar helped cap any losses against the Pound or Euro.
IFX Market Report: Tuesday 4th May 2021
EURUSD plunged on Friday due to a broad demand for the US Dollar as falling equities and weaker US government bond yields helped support the safe-haven currency.
