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: Friday 29th January 2021
After experiencing a setback on Wednesday, Sterling recovered through Thursday and has reached fresh highs against the Euro.
IFX Market Report: Thursday 28th January 2021
The Pound experienced heightened volatility in yesterday’s session as investors “risk-off” sentiment led to sharp losses in equity and commodity markets, causing a disturbance in the foreign exchange market.
IFX Market Report: Wednesday 27th January 2021
The Pound is up against its peers this morning as markets favour the speed of which the UK is rolling out COVID-19 vaccinations.
IFX Market Report: Tuesday 26th January 2021
Market sentiment dampened on Monday as US-China relations begin to sour under the new Biden administration.
IFX Market Report: Monday 25th January 2021
Market sentiment continues to be positive as we embark on another trading week, helping support the Pound against its peers.
IFX Market Report: Friday 22nd January 2021
The Pound experienced heightened volatility in yesterdays session and was able to make significant gains against the U.S. Dollar, spiking to its best levels since May 2018.
IFX Market Report: Thursday 21st January 2021
As Joe Biden was sworn in as the 46th President of the United States yesterday, market optimism elevated as investors look forward to a new administration, bringing with it a substantial COVID-19 stimulus package that will hopefully underpin ongoing economic growth in America.
IFX Market Report: Wednesday 20th January 2021
The Pound continues to rise on Wednesday as market sentiment become more ‘risk on’ – undermining safe-haven currencies such as the Dollar.
IFX Market Report: Tuesday 19th January 2021
The Pound is up this morning with market sentiment growing increasingly positive as the UK successfully rolls out its new COVID-19 vaccination programme.
