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 8th April 2020
Sterling had a relatively quiet time of it yesterday with little deviation in value, as Prime Minister Boris Johnson remains in intensive care though, reportedly, in a stable condition.
IFX Market Report: Tuesday 7th April 2020
The pound steadied yesterday following Prime Minister Boris Johnson’s hospital admission, before dipping sharply in late Asian trading once news broke that Mr. Johnson was to be moved to intensive care.
IFX Market Report: Monday 6th April 2020
Sterling briefly fell against the US dollar in late Sunday trading on news that UK Prime Minister Boris Johnson was admitted to hospital for testing.
IFX Market Report: Friday 3rd April 2020
The pound hit a three-week high against the euro on Thursday and held recent gains versus the dollar, as the British currency was swept up in global market swings that weakened the euro broadly.
IFX Market Report: Thursday 2nd April 2020
The pound steadied against a stronger dollar on Wednesday amid a broader selloff in global stock markets as data showed factory activity across the world contracting sharply due to the coronavirus pandemic.
IFX Market Report: Monday 30th March 2020
Sterling managed some gains on Friday as investors grew more confident that the United States government and central bank economic stimulus could alleviate some of the impacts of the coronavirus crisis.
IFX Market Report: Friday 27th March 2020
The pound made its biggest daily gain in three years on Thursday, jumping more than 2% as poor U.S. unemployment data weakened the dollar.
IFX Market Report: Tuesday 24th March 2020
The pound fell sharply again on Monday as investors rid themselves of riskier currencies amid the coronavirus pandemic.
IFX Market Report: Monday 23rd March 2020
The pound rebounded versus the U.S. dollar and euro, climbing off more than three-decade lows as central banks tried to ease a scramble for dollars.
