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 19th November 2020
The Pound is trading anxiously as Brexit worries are dictating the currency’s performance against its peers.
IFX Market Report: Wednesday 18th November 2020
Despite no substantial evidence that trade negotiations between the UK and EU will soon come to a conclusion, the Pound’s performance yesterday would suggest that sentiment is growing more positive.
IFX Market Report: Tuesday 17th November 2020
As markets eagerly await news on Brexit, Monday proved to be largely uneventful despite another COVID-19 vaccine being announced by US biotechnology giant Moderna.
IFX Market Report: Monday 16th November 2020
As markets embark on a new week, the volatile Pound is up today against the U.S. Dollar, yet down against the Euro.
IFX Market Report: Friday 13th November 2020
As a deadlock on trade between the UK and EU looks increasingly likely, the Pound has taken a sharp downward turn as it reverses the gains it had made against its peers early in the week.
IFX Market Report: Thursday 12th November 2020
Sterling has started Thursday under considerable pressure as GDP fell short of expectations this morning, coming out at 15.5%, while being forecasted at 15.8%.
IFX Market Report: Wednesday 11th November 2020
The British Pound has reached 9-week highs against both the Euro and U.S. Dollar as markets push back the expectations of the Bank of England cutting interest rates to negative territory.
IFX Market Report: Tuesday 10th November 2020
After the announcement of a possible Pfizer COVID-19 vaccine yesterday, global risk sentiment soared, seeing gains for risk-sensitive currencies such as Sterling and the Australian Dollar.
IFX Market Report: Monday 9th November 2020
Over the weekend Joe Biden was able to win the race to the White House by being first candidate in the 2020 election to surpass 270 electoral votes.
