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 6th November 2020
With the definitive outcome of the U.S. election still not apparent, the Dollar has softened as Biden leads Trump in electoral votes with ballots in several key states still yet to be counted.
IFX Market Report: Thursday 5th November 2020
With votes still left to be counted, Joe Biden leads the electoral vote by 264 votes, while Donald Trump has 214 (10:13 GMT).
IFX Market Report: Wednesday 4th November 2020
As we await the result of the U.S. election, Donald Trump is already claiming victory and demanding votes stop being counted.
IFX Market Report: Tuesday 3rd November 2020
On Monday, as a result of the UK government imposing a new national lockdown, cable tumbled to a 4-week low.
IFX Market Report: Monday 2nd November 2020
As the UK braces itself for another national lockdown, the Pound has lost ground against its peers, trading at 1.10 against the Euro and at 1.28 against the U.S. Dollar.
IFX Market Report: Friday 30th October 2020
As we enter into Friday’s open GBPEUR has spiked this morning as the market becomes increasingly hopeful that an EU-UK trade deal might be agreed in November.
IFX Market Report: Thursday 29th October 2020
After opening today’s session in the 1.29’s, cable is now back up to 1.30 as the market grows anxious of the upcoming U.S. presidential election in 5 days.
IFX Market Report: Wednesday 28th October 2020
On Tuesday we saw the Pound gain ground on both the EUR and U.S. Dollar.
IFX Market Report: Tuesday 27th October 2020
As Sterling remains steady, upside gains are capped by the continued uncertainty of an agreed post-Brexit trade deal.
