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 9th March 2021
The U.S. Dollar kept up its impressive run of form as EURUSD reached fresh 2021 lows yesterday, dipping below levels not seen since November 2020.
IFX Market Report: Monday 8th March 2021
After Jerome Powell’s comments on Thursday gave the Dollar significant momentum, Cable and EURUSD have continued to struggle.
IFX Market Report: Friday 5th March 2021
Sterling was able to make modest gains on Thursdays session as the currency maintained momentum following Rishi Sunak’s Budget on Wednesday.
IFX Market Report: Thursday 4th March 2021
As Sunak unveiled his Budget in the House of Commons yesterday, the UK’s vaccine advantage and broadly stable global equity markets kept the Pound competitive.
IFX Market Report: Wednesday 3rd March 2021
The Dollar’s recent surge came to a halt yesterday as market sentiment became more ‘risk-on’ as equities made a strong rebound.
IFX Market Report: Tuesday 2nd March 2021
The Pound remained relatively steady against the Euro in yesterdays session but depreciated against a stronger U.S. Dollar.
IFX Market Report: Monday 1st March 2021
Despite struggling in the latter half of last week and losing a lot of the upside it had gained against its peers, Sterling has started this week well.
IFX Market Report: Friday 26th February 2021
After a week of substantial gains Sterling yesterday suffered its sharpest decline of the year – dropping by over 1% against the Euro, and over 0.8% against the Dollar.
IFX Market Report: Thursday 25th February 2021
The Pound was able to open above the 1.41 handle this morning, thanks to comments from Fed Chair Jerome Powell yesterday evening.
