Market Reports
IFX Market Report: Friday 2nd August 2024
2 min readThursday 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 […]
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IFX Market Report: Friday 5th November 2021
2 min readSterling plummeted on Thursday as the Bank of England decided to keep interest rates on hold this month.
IFX Market Report: Thursday 4th November 2021
2 min readThe Pound was able to claw back some of its recent losses on Wednesday, marking gains against both the Dollar and Euro by the close.
IFX Market Report: Wednesday 3rd November 2021
2 min readThe foreign exchange market remains steady on Wednesday morning as investors prepare for the latest monetary policy decision from the US Federal Reserve.
IFX Market Report: Tuesday 2nd November 2021
2 min readMarkets remained largely quiet yesterday, with investors bracing themselves ahead of the central bank meetings this week.
IFX Market Report: Monday 1st November 2021
2 min readAfter regaining the 1.3800 handle on Thursday, Cable experienced some serious push back on Friday as the pair fell to its weakest level since mid-October due to renewed Brexit concerns and broad-based Dollar strength.
IFX Market Report: Friday 29th October 2021
2 min readThe Dollar suffered another day of losses on Thursday, falling even further against Sterling and the Euro.
IFX Market Report: Thursday 28th October 2021
2 min readThe Dollar struggled on Wednesday as the “American currency fell away from investors’ radars”, due largely to US government bond yields falling to “worrisome levels”.
IFX Market Report: Wednesday 27th October 2021
2 min readGBPEUR surged to fresh yearly highs on Tuesday, marking a third straight day of upside for the pair.
IFX Market Report: Tuesday 26th October 2021
2 min readWhile the Pound is still showing signs of strength due to an upbeat market sentiment, fears surrounding Brexit have kept “GBPUSD price action within the 1.3700 – 1.3800 range”.
