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: Wednesday 15th July 2020
Sterling had a reactionary day on Tuesday, not helped by sentiment that the economy is recovering at a slower pace than anticipated.
IFX Market Report: Tuesday 14th July 2020
An uneventful Monday for the pound saw the currency flatline against a basket of major rivals, with the exception of losing 0.5% to a stronger euro and dipping back below the 1.11 level.
IFX Market Report: Monday 13th July 2020
In a session of little action on Friday sterling was largely untouched, only making some gains versus the US dollar.
IFX Market Report: Friday 10th July 2020
It was a quiet day across the markets yesterday, with the pound trading in a tight range throughout.
IFX Market Report: Thursday 9th July 2020
There was a muted reaction yesterday to the Chancellor’s plans for the economy, with sterling holding on to its three-week highs.
IFX Market Report: Wednesday 8th July 2020
Sterling enjoyed its best run in three weeks yesterday, buoyed by fresh Brexit optimism and ahead of Chancellor Rishi Sunak’s parliamentary mini-budget later today.
IFX Market Report: Tuesday 7th July 2020
Another quiet day for the pound on Monday, as markets await further Brexit news.
IFX Market Report: Monday 6th July 2020
Friday was largely a non-event, with the US public holiday ensuring a tight trading range throughout the day.
IFX Market Report: Friday 3rd July 2020
In a day of little action on Thursday, sterling retreated slightly from a risk-driven US dollar and otherwise remained flat.
