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 20th March 2020
The pound rebounded against the dollar and euro on Thursday after the Bank of England cut interest rates to a record low of 0.1%, helping support the pound after it had sunk to its lowest level since 1985.
IFX Market Report: Thursday 19th March 2020
The British pound dived on Wednesday to its lowest level against the US dollar since 1985 and to a more than decade-low against the euro as coronavirus fears and high demand for dollars overshadowed stimulus efforts.
IFX Market Report: Wednesday 18th March 2020
Sterling fell to its lowest level against the dollar since early September on Tuesday, as investors scrambled for dollar liquidity after Britain toughened its strategy for containing the coronavirus.
IFX Market Report: Tuesday 17th March 2020
Sterling fell against the US dollar and euro on Monday in volatile trading as money markets digested a further surprise cut to US rates to rock-bottom levels by the Federal Reserve in the face of the coronavirus pandemic.
IFX Market Report: Monday 16th March 2020
The pound fell to a five-month low on Friday, as the dollar rallied across the board in volatile trading.
IFX Market Report: Thursday 12th March 2020
Sterling held on to most of its earlier gains on Wednesday after the British government unveiled a 30-billion-pound economic stimulus plan, hours after the Bank of England cut interest rates to lift the struggling economy.
IFX Market Report: Wednesday 11th March 2020
Sterling fell on Tuesday, dropping most of its gains from the previous session, thanks to a stronger dollar that made gains on expectations that the US government will release a fiscal stimulus package to limit the economic damage caused by the coronavirus.
IFX Market Report: Tuesday 10th March 2020
The pound made gains against the dollar, hitting a one-month high as the coronavirus and a drop in oil prices has left global markets shaken.
IFX Market Report: Monday 9th March 2020
The pound made gains against the dollar on Friday as the EU’s chief negotiator said that a trade deal with the UK was still possible before the end of the year.
