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 13th May 2020
The pound endured a torrid day yesterday, falling to a 20-day low.
IFX Market Report: Monday 11th May 2020
Thursday saw little sterling movement heading into bank holiday Friday in the UK.
IFX Market Report: Thursday 7th May 2020
Sterling did very little throughout Wednesday as dire Construction PMI data, showing the sharpest decline on record, was set against Boris Johnson indicating a five-point plan to ease lockdown restrictions over the coming weeks.
IFX Market Report: Wednesday 6th May 2020
The pound had a very flat day yesterday, only enjoying a short-lived bounce against the US dollar in early afternoon trading.
IFX Market Report: Tuesday 5th May 2020
Sterling lost some ground yesterday across the board, though did manage to finish the day slightly up versus the euro.
IFX Market Report: Thursday 30th April 2020
The pound had another quiet trading day on Wednesday, as the UK showed no signs of easing its lockdown policy whilst some other European countries set out plans to re-open their economies.
IFX Market Report: Wednesday 29th April 2020
The pound started yesterday on the front foot, rising in value to a 1.5-week high with an increase in risk appetite.
IFX Market Report: Tuesday 28th April 2020
There was little happening throughout the day yesterday, with a lack of data and any notable news meaning the pound changed hands with little price deviation.
IFX Market Report: Monday 27th April 2020
Friday saw a very quiet day across the board, after sterling opened on the back foot in response to data showing a record drop in retail sales.
