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 […]
Read moreIFX Market Report: Tuesday 9th March 2021
2 min readThe U.S. Dollar kept up its impressive run of form as EURUSD reached fresh 2021 lows yesterday, dipping below levels not seen since November 2020.
IFX Market Report: Monday 8th March 2021
2 min readAfter Jerome Powell’s comments on Thursday gave the Dollar significant momentum, Cable and EURUSD have continued to struggle.
IFX Market Report: Friday 5th March 2021
2 min readSterling was able to make modest gains on Thursdays session as the currency maintained momentum following Rishi Sunak’s Budget on Wednesday.
IFX Market Report: Thursday 4th March 2021
2 min readAs Sunak unveiled his Budget in the House of Commons yesterday, the UK’s vaccine advantage and broadly stable global equity markets kept the Pound competitive.
IFX Market Report: Wednesday 3rd March 2021
2 min readThe Dollar’s recent surge came to a halt yesterday as market sentiment became more ‘risk-on’ as equities made a strong rebound.
IFX Market Report: Tuesday 2nd March 2021
2 min readThe Pound remained relatively steady against the Euro in yesterdays session but depreciated against a stronger U.S. Dollar.
IFX Market Report: Monday 1st March 2021
2 min readDespite struggling in the latter half of last week and losing a lot of the upside it had gained against its peers, Sterling has started this week well.
IFX Market Report: Friday 26th February 2021
2 min readAfter a week of substantial gains Sterling yesterday suffered its sharpest decline of the year – dropping by over 1% against the Euro, and over 0.8% against the Dollar.
IFX Market Report: Thursday 25th February 2021
2 min readThe Pound was able to open above the 1.41 handle this morning, thanks to comments from Fed Chair Jerome Powell yesterday evening.