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: Monday 19th April 2021
As risk appetite soared Sterling was the most benefited from the market’s sentiment, recovering from an intraday low of 1.3715 on Friday to hit a weekly high of 1.3842, closing it a handful of pips below the level.
IFX Market Report: Friday 16th April 2021
Cable was able to gain more positive traction for the 4th consecutive session on Thursday as a subdued Dollar enabled the rate to press towards the 1.38 handle.
IFX Market Report: Thursday 15th April 2021
Markets saw little excitement on Wednesday as nearly all major G10’s remained relatively rangebound.
IFX Market Report: Wednesday 14th April 2021
EURUSD is trading strong this morning as it attempts to push towards the 1.20 handle. The US Dollar Index (DXY) is down today, sinking to levels not seen since March 22.
IFX Market Report: Tuesday 13th April 2021
Despite the lifting of restrictions in the UK yesterday, the British Pound was unable to make any real substantial gains against the Euro or Dollar.
IFX Market Report: Monday 12th April 2021
Last week was tough for Sterling, with the currency recording its worst week since September 2020 against the Euro.
IFX Market Report: Friday 9th April 2021
Thursday proved to a rather uneventful day for markets, with rates trading flat for most of the day.
IFX Market Report: Thursday 8th April 2021
Sterling experienced its second session of losses yesterday, falling significantly against the Euro and Dollar due to issues surrounding the Oxford-AstraZeneca vaccine.
IFX Market Report: Wednesday 7th April 2021
The Euro has continued to make advances on the Dollar as the pair targets the 1.19 mark.
