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: Tuesday 15th September 2020
As Boris Johnson’s Internal Market Bill was voted through parliament yesterday, the pound held firm, closing slightly higher against many of its G10 peers.
IFX Market Report: Monday 14th September 2020
The pound has found some stability to start off Monday, following an abysmal run of form last week.
IFX Market Report: Friday 11th September 2020
It was a disappointing morning for the UK in regard to data as at 07:00AM this morning we had GDP 3-Month Average for July miss expectations, coming in at -7.6%, forecasted at -7.5%.
IFX Market Report: Thursday 10th September 2020
After an interesting session for price action yesterday, the markets focus stays on the UK and Europe, as we have an emergency Brexit meeting here in London, and the latest rate decision from the ECB.
IFX Market Report: Wednesday 9th September 2020
Increasing risk of a no-deal Brexit continued to weigh heavy on the pound yesterday.
IFX Market Report: Tuesday 8th September 2020
Monday proved to be another tough day for the pound, as fears of a no-deal Brexit escalated.
IFX Market Report: Monday 7th September 2020
As we begin a new week, sterling starts off on the backfoot with no-deal Brexit fears gains momentum.
IFX Market Report: Friday 4th September 2020
As we approach into the weekend all eyes are on US data, with the highly anticipated Non-Farm Payrolls (NFP) being released this afternoon.
IFX Market Report: Wednesday 2nd September 2020
As the dollar manages to pick up some ground from its abysmal performance yesterday, all eyes are on the US today with the ADP Employment report being released in the afternoon, followed by several Fed speeches.
