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: Monday 1st July 2019
The pound recovered on Friday after reaching five-month lows against the dollar and the euro, and concerns of a potential no deal Brexit meant gains were modest.
IFX Market Report: Friday 28th June 2019
The pound held near the 1.27 mark on Thursday as traders reduced their short positions on the pound ahead of the G20 meeting this weekend.
IFX Market Report: Thursday 27th June 2019
The pound had mixed day yesterday, ending the session marginally up against the US dollar, but dropping to a fresh 5 ½-month low against the euro.
IFX Market Report: Wednesday 26th June 2019
The pound fell against the dollar yesterday after hitting a one-month high as the risks of a no deal Brexit continued to weigh the currency down.
IFX Market Report: Tuesday 25th June 2019
The US dollar weakened slightly against a basket of currencies on Monday as traders started betting that the US Federal Reserve may lower interest rates more than once in 2019.
IFX Market Report: Monday 24th June 2019
The pound finished the week higher against the US dollar gaining over 2 cents from the low of the week but remained close to 5-month lows against the euro.
IFX Market Report: Friday 21st June 2019
The pound rally stumbled slightly despite the Bank of England, as expected, being less dovish than other central banks. The policymakers cut second quarter growth forecasts and continued to highlight risks created by Brexit and trade tensions.
IFX Market Report: Thursday 20th June 2019
The pound made gains on Wednesday as investors believed the Bank of England would strike a more positive tone in today’s Bank of England policy meeting than has been seen in other major central banks.
IFX Market Report: Wednesday 19th June 2019
Sterling was stuck near five-month lows yesterday as Boris Johnson’s lead was cemented by the latest round of voting by Conservative MPs.
