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 18th January 2021
The Pound was weaker on Friday, losing over 0.5% against the U.S. Dollar, and recording its first loss in seven days against the Euro.
IFX Market Report: Friday 15th January 2021
The U.S. Dollar has strengthened overnight following an announcement from Joe Biden that he will put in place a $1.9 trillion stimulus plan.
IFX Market Report: Thursday 14th January 2021
The Pound is still trading strong on Thursday after reaching the 1.37 mark against the U.S. Dollar yesterday – a level not seen since seen 2018.
IFX Market Report: Wednesday 13th January 2021
Since Bank of England Governor Andrew Bailey downplayed the possibilities of the BoE cutting interest rates yesterday, Sterling has made significant gains on both the Euro and the U.S. Dollar.
IFX Market Report: Tuesday 12th January 2021
During a virtual speech at UWE Bristol yesterday, external member of the Bank of England’s (BoE) Monetary Policy Committee (MPC) Silvana Tenreyro reiterated her argument that negative interest rates could have a positive impact if imposed.
IFX Market Report: Monday 11th January 2021
After a tough start to 2021 the U.S. Dollar is making gains against its G10 peers as it advances against both the Pound and the Euro.
IFX Market Report: Friday 8th January 2021
Despite the obscene events at Capitol Hill yesterday, the U.S. Dollar has clawed back some of the losses it has made in recent weeks.
IFX Market Report: Thursday 7th January 2021
It would seem clear that the Pound’s “Brexit deal honeymoon” is most certainly over.
IFX Market Report: Wednesday 6th January 2021
As a result of U.S. Dollar weakness, GBPUSD has been tipped to advance back towards its near 3-year high levels it reached on Monday.
