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 6th August 2021
As expected yesterday, The Bank of England’s (BoE) Monetary Policy Committee (MPC) decided to keep rates on hold and maintain its stimulus programme.
IFX Market Report: Wednesday 4th August 2021
With little price action on Tuesday, it was once again a rather quiet day for G10 FX. Cable traded flat on the day and GBPEUR made subtle gains to the upside.
IFX Market Report: Tuesday 3rd August 2021
Markets remained relatively flat yesterday as market sentiment remained calm.
IFX Market Report: Monday 2nd August 2021
This week is likely to be an important one for Sterling as investors eagerly anticipate the Bank of England’s latest policy decision on Thursday.
IFX Market Report: Friday 30th July 2021
Ahead of the all-important Bank of England (BoE) policy meeting next week, Sterling is enjoying favourable market conditions as risk sentiment improves this week.
IFX Market Report: Thursday 29th July 2021
Many economists concur that the Great British Pound “could see further gains against the Euro as investors buy into an economic recovery story that means the UK is set to grow faster than its Eurozone rivals in 2021”.
IFX Market Report: Wednesday 28th July 2021
Sterling was able to make impressive gains on Tuesday as a drop in COVID-19 cases and a rise in office attendance gave the Pound a much-needed boost.
IFX Market Report: Tuesday 27th July 2021
As COVID-19 cases in the United Kingdom continue to fall, the Pound is benefitting from a less ‘risk-off’ market environment.
IFX Market Report: Monday 26th July 2021
Cable showed some positive signs of improvement on the Friday session, but upside gains were capped as a strong intraday pickup in US Treasury bond yields helped boost the Dollar.
