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 26th October 2020
The Pound starts the new week steady, trading above 1.30 against the U.S. Dollar and above 1.10 against the Euro.
IFX Market Report: Friday 23rd October 2020
On Wednesday, when the news was released that the UK and EU were to restart stalled Brexit trade negotiations, the Pound spiked, managing to reach the 1.31 range against the US Dollar and testing the 1.11 handle against the Euro.
IFX Market Report: Wednesday 21st October 2020
Despite rising COVID-19 cases in mainland Europe, and increasing fears of a double-dip recession, Tuesday saw the Euro make considerable moves to the upside, gaining significant ground against both the Dollar and the Pound.
IFX Market Report: Tuesday 20th October 2020
The hopes of post-Brexit trade deal intensified yesterday as we saw the UK and EU commit to further trade negotiations – despite Prime Minister Boris Johnson’s threat to walk away from talks.
IFX Market Report: Monday 19th October 2020
After a disappointing end to last week with a lack of conclusive trade negotiations, Sterling is holding firm against the Dollar and Euro this morning as we embark on another trading week.
IFX Market Report: Friday 16th October 2020
After a dramatic fall yesterday, Sterling has regained some of Thursday’s losses, and is holding steady as we go into Friday’s open despite Brexit uncertainty heightening.
IFX Market Report: Wednesday 14th October 2020
As the highly anticipated EU Summit quickly approaches, headlines on the on-going Brexit negotiations continue to dictate the Pounds performance.
IFX Market Report: Tuesday 13th October 2020
As Sterling holds firm against its G10 peers this morning, EURUSD has seen some considerable downside as it drops down into the 1.17’s.
IFX Market Report: Monday 12th October 2020
The Pound has started strong this morning, extending its gains against both the Euro and the Dollar ahead of the highly anticipated EU summit on Thursday and Friday.
