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 30th April 2021
While Sterling made some minor losses in Thursday’s session, economists at the United Overseas Bank (UOB) believe Cable could still advance in the coming weeks.
IFX Market Report: Thursday 29th April 2021
Cable was able to hit fresh daily highs above 1.3900 as the Dollar weakened ahead of yesterdays Fed Interest Rate Decision.
IFX Market Report: Wednesday 28th April 2021
Cable was able to make subtle gains in Tuesday’s session as US Treasury yields rose in anticipation of the Federal Reserve’s 2-day policy meeting starting at 19:00 GMT.
IFX Market Report: Tuesday 27th April 2021
Sterling attempted to rally on Monday morning after a dismal week of losses last week.
IFX Market Report: Monday 26th April 2021
GBPEUR took a devastating tumble as it closed below the 1.15 mark on Friday.
IFX Market Report: Friday 23rd April 2021
The Pound struggled again on Thursday against the Euro and Dollar – marking losses against both currencies in the London session.
IFX Market Report: Thursday 22nd April 2021
Markets were flat on Wednesday with nearly all G10’s tightly rangebound.
IFX Market Report: Wednesday 21st April 2021
After a strong start to the trading week Sterling continued its surge overnight and was able to open above the 1.40 handle on Tuesday.
IFX Market Report: Tuesday 20th April 2021
Sterling had a stellar start to the week, enabling Cable to go above and beyond the 1.39 handle.
