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 16th June 2020
Sterling had a relatively quiet day yesterday, only making slight gains versus a weaker US dollar.
IFX Market Report: Monday 15th June 2020
The pound suffered last week as Brexit concerns and risk sentiment affected performance.
IFX Market Report: Friday 12th June 2020
Sterling lost some of its recent gains in a disappointing day for the currency on Thursday.
IFX Market Report: Thursday 11th June 2020
Yesterday saw little sterling movement, with the currency maintaining its recent gains versus the US dollar and holding firm against the euro.
IFX Market Report: Wednesday 10th June 2020
Sterling had a mixed day, making gains against the US dollar to close at the daily high, whilst enduring a sharp drop versus the euro in the afternoon.
IFX Market Report: Wednesday 27th May 2020
The majors have been trading in a tight range for some time now and there has been little sterling movement of note over the past week.
IFX Market Report: Wednesday 20th May 2020
There is little to write about the pound, with the currency continuing to hover at 7-week lows.
IFX Market Report: Monday 18th May 2020
Sterling lost further ground on Friday, hitting its lowest position in over a month, as the UK and European Union exchanged barbs over a post-Brexit trade deal.
IFX Market Report: Thursday 14th May 2020
Sterling had a bad day on Wednesday, suffering at the hands of a bullish dollar and negative rhetoric.
