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: Tuesday 6th April 2021
The US Dollar has dropped lower in recent days as Friday’s seven-month high non-farm payrolls boosted global risk appetite and weighed heavy on the safe-haven Greenback.
IFX Market Report: Thursday 1st April 2021
The Dollar was weaker on Wednesday as President Biden announced that he intends to spend 2T on infrastructure and raise corporate tax by 28%.
IFX Market Report: Wednesday 31st March 2021
The US Dollar was able to make upside gains against most of its peers on Tuesday as the US 10-year Treasury yield reached 1.77%, its highest point since January 2020.
IFX Market Report: Tuesday 30th March 2021
GBPEUR surged to fresh 13-month highs on Monday as market sentiment became increasingly positive about Britain lifting lockdown restrictions.
IFX Market Report: Monday 29th March 2021
The Greenback trades strong on Monday as the US Dollar Index (DXY) makes solid gains to edge closer to 93.00.
IFX Market Report: Friday 26th March 2021
Despite a bullish Dollar, Sterling was a top performer on Thursday as it notched important gains against the Euro before the close.
IFX Market Report: Thursday 25th March 2021
Sterling came under significant pressure yesterday as the UK Inflation data came out below forecast.
IFX Market Report: Wednesday 24th March 2021
The Pound struggled on the Tuesday as Cable dropped over 0.7% by mid-morning in the London session, and GBPEUR was also lower, trading just above the 1.16 mark at the close.
IFX Market Report: Tuesday 23rd March 2021
Cable showed signs of recovery as retreating U.S. Treasury yields caused the Dollar to weaken.
