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: Thursday 19th November 2020
2 min readThe Pound is trading anxiously as Brexit worries are dictating the currency’s performance against its peers.
IFX Market Report: Wednesday 18th November 2020
3 min readDespite no substantial evidence that trade negotiations between the UK and EU will soon come to a conclusion, the Pound’s performance yesterday would suggest that sentiment is growing more positive.
IFX Market Report: Tuesday 17th November 2020
2 min readAs markets eagerly await news on Brexit, Monday proved to be largely uneventful despite another COVID-19 vaccine being announced by US biotechnology giant Moderna.
IFX Market Report: Monday 16th November 2020
3 min readAs markets embark on a new week, the volatile Pound is up today against the U.S. Dollar, yet down against the Euro.
IFX Market Report: Friday 13th November 2020
3 min readAs a deadlock on trade between the UK and EU looks increasingly likely, the Pound has taken a sharp downward turn as it reverses the gains it had made against its peers early in the week.
IFX Market Report: Thursday 12th November 2020
2 min readSterling has started Thursday under considerable pressure as GDP fell short of expectations this morning, coming out at 15.5%, while being forecasted at 15.8%.
IFX Market Report: Wednesday 11th November 2020
2 min readThe British Pound has reached 9-week highs against both the Euro and U.S. Dollar as markets push back the expectations of the Bank of England cutting interest rates to negative territory.
IFX Market Report: Tuesday 10th November 2020
3 min readAfter the announcement of a possible Pfizer COVID-19 vaccine yesterday, global risk sentiment soared, seeing gains for risk-sensitive currencies such as Sterling and the Australian Dollar.
IFX Market Report: Monday 9th November 2020
3 min readOver the weekend Joe Biden was able to win the race to the White House by being first candidate in the 2020 election to surpass 270 electoral votes.
