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: Thursday 2nd July 2020
The pound gained a cent on the US dollar yesterday and made up marginal ground on the euro, as encouraging data Stateside stilted safe-haven demand and a usually innocuous UK Manufacturing survey offered some encouragement.
IFX Market Report: Wednesday 1st July 2020
The pound yesterday shrugged off data revealing the economy shrank by 2.2% between January and March, its worst performance since 1979.
IFX Market Report: Monday 29th June 2020
Sterling took a hit on Friday, losing 0.8% versus the US dollar and 0.5% against the euro – its lowest level since March 26th.
IFX Market Report: Thursday 25th June 2020
Yesterday was mostly about risk appetite and sterling was the loser, particularly against the US dollar.
IFX Market Report: Wednesday 24th June 2020
Sterling was largely flat yesterday, only making small gains versus a softer US dollar.
IFX Market Report: Tuesday 23rd June 2020
Sterling was largely flat yesterday, only making small gains versus a softer US dollar.
IFX Market Report: Monday 22nd June 2020
The pound had a bad end to last week, with the Bank of England on Thursday and a public debt figure on Friday pushing sterling to its worst level since mid-May.
IFX Market Report: Thursday 18th June 2020
A quiet day yesterday saw the majors trading in a tight range, with sterling giving up very slight ground versus the US dollar.
IFX Market Report: Wednesday 17th June 2020
The pound had a bumpy ride yesterday, gaining 0.3% versus the US dollar in early afternoon trading, before losing its advantage and ending the day 0.4% down on its opening position.
