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 4th December 2020
The Pound continues to be dictated by Brexit headlines, with GBPUSD rising to fresh 3-month highs on the news that within the last 24 hours the UK and EU negotiation teams are closing in on post-Brexit trade deal.
IFX Market Report: Thursday 3rd December 2020
Given that it was President Macron’s protests at the EU Summit in October that pushed back Boris Johnson’s October 15th deadline, it comes to no surprise that France have declared an ultimatum to the UK at this crucial point of negotiations.
IFX Market Report: Wednesday 2nd December 2020
Brexit headlines weighed heavy on the pound yesterday, causing Sterling to lose ground against both the U.S. Dollar and Euro.
IFX Market Report: Monday 30th November 2020
Last week proved to be a distressing one for Sterling – due to a lack of progress on a post-Brexit trade deal, the Pound was the second worst performing major currency.
IFX Market Report: Friday 27th November 2020
As another week comes to a close, Brexit worries continue to keep the market anxious.
IFX Market Report: Wednesday 25th November 2020
Mid-way through the week, markets remain optimistic about the UK and EU agreeing on a last-minute Brexit deal.
IFX Market Report: Tuesday 24th November 2020
The pound is remaining resilient and trading steady as unofficial Brexit rumours continue to plague the headlines.
IFX Market Report: Monday 23rd November 2020
As we begin a new week, Sterling is trading strong against its peers – surpassing the 1.33 mark against the U.S. Dollar, and beyond the 1.12 handle against the Euro.
IFX Market Report: Friday 20th November 2020
As another week soon comes to a close, Sterling is showing resilience despite the lack of a post-Brexit deal being agreed.
