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 17th August 2020
Once again, the focus going into this week is dollar weakness.
IFX Market Report: Friday 14th August 2020
Yesterday saw the dollar claw back some of its losses from this week as an intraday spike in the US Treasury bond yields helped relieve some pressure.
IFX Market Report: Thursday 13th August 2020
Yesterday, this report posed the question as to whether the dollar’s newly found vigour was a ‘bounce back’ or a ‘pause’ from its recent abysmal form – and it looks like it was the latter.
IFX Market Report: Wednesday 12th August 2020
At 7:00 this morning, we had the UK GDP release.
IFX Market Report: Tuesday 11th August 2020
Ahead of the closely watched UK employment report this morning, sterling’s performance was strong yesterday, managing to gain ground on both the dollar and the euro.
IFX Market Report: Monday 10th August 2020
On Thursday, the unexpectedly positive outlook given by Andrew Bailey and the Bank of England at their latest policy decision helped boost sterling, enabling cable to hit fresh 5-month highs at 1.3186.
IFX Market Report: Friday 7th August 2020
After a relatively positive meeting from the Bank of England yesterday, the pound was able to hit a fresh 5-month high against the dollar.
IFX Market Report: Thursday 6th August 2020
Yesterday proved to be another tough day for the dollar – the index was down by 0.7% on the day, marking its 2nd straight day of losses and testing the lows printed last week.
IFX Market Report: Wednesday 5th August 2020
After a very brief rebound from its dreadful form last week, the dollar has once again started to depreciate.
