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 11th February 2021
The Pound continues to impress as 2021’s top performing G10 currency was able to reach 33-month highs against the Dollar.
IFX Market Report: Wednesday 10th February 2021
Cable has surpassed the 1.38 mark this morning due to a weaker Dollar as progress is made on US fiscal stimulus negotiations.
IFX Market Report: Tuesday 9th February 2021
Sterling has made an impressive start to Tuesday’s session after a strong finish on Monday.
IFX Market Report: Monday 8th February 2021
The Pound is trading strong this morning against the Euro and U.S. Dollar as markets open for another trading week.
IFX Market Report: Friday 5th February 2021
The Bank of England gave a mixed outlook in their latest policy decision yesterday – noting that they forecast a rapid recovery for the UK economy; but also downgraded its growth outlook for the year as a whole.
IFX Market Report: Thursday 4th February 2021
Sterling is a touch softer this morning as markets eagerly anticipates the latest Bank of England interest rate decision.
IFX Market Report: Wednesday 3rd February 2021
Economist are becoming increasingly confident in the Pound as the UK’s success in distributing COVID-19 vaccinations boosts the chances of an economic rebound.
IFX Market Report: Tuesday 2nd February 2021
As the Pound holds firm against its peers, many economists predict more gains for Sterling.
IFX Market Report: Monday 1st February 2021
As markets anticipate the upcoming Bank of England interest rate decision, the Pound is strong as we enter this week’s open; trading above 1.37 against the U.S. Dollar and above 1.13 against the Euro.
