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: Friday 24th April 2020
Dire preliminary April PMI data yesterday failed to dampen the pound as the currency held firm throughout the day, even managing to make a short-lived afternoon bounce against the dollar.
IFX Market Report: Thursday 23rd April 2020
Following Tuesday’s losses, the pound had recovered some ground by early trading yesterday, perhaps generated by what is known as a relief rally, with investors dipping their toes back into riskier waters following the oil price crash.
IFX Market Report: Wednesday 22nd April 2020
Sterling had a bad day yesterday and lost value versus both USD and EUR.
IFX Market Report: Tuesday 21st April 2020
The British Retail Consortium trade body said on Monday that the number of people in the UK leaving their homes to go shopping has slumped by 83% since the closure of non-essential retail outlets last month.
IFX Market Report: Monday 20th April 2020
The pound was stable on Friday during an uneventful day, but did make some gains versus a weaker US dollar in afternoon trading of around 0.5%.
IFX Market Report: Friday 17th April 2020
The pound largely shrugged off the government’s lockdown extension yesterday, only dipping slightly versus the US dollar.
IFX Market Report: Thursday 16th April 2020
Yesterday saw a relatively quiet day for sterling, with the currency trading in a tight range.
IFX Market Report: Wednesday 15th April 2020
Sterling has risen to one-month highs versus the US dollar since the Easter break and is largely holding its momentum in early trading today, whilst remaining unmoved against the euro.
IFX Market Report: Thursday 9th April 2020
The pound firmed towards a one-week high yesterday and has maintained those gains in early trading.
