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 23rd July 2021
FX markets remained relatively flat on Thursday following the European Central Bank’s (ECB) latest Interest Rate Decision.
IFX Market Report: Thursday 22nd July 2021
Sterling was able to end its multi-day losing streak on Wednesday as market sentiment improved globally.
IFX Market Report: Wednesday 21st July 2021
Sterling is weaker this morning as COVID-19 Delta cases continue to rise in the UK.
IFX Market Report: Tuesday 20th July 2021
On Monday risk aversion weighed heavy of the British Pound, as global markets experienced their “worst day of the year so far”.
IFX Market Report: Monday 19th July 2021
Sterling was weaker on Friday, enabling both the Dollar and Euro to capitalize as markets transitioned to a more ‘risk-off’ environment.
IFX Market Report: Friday 16th July 2021
After a tough week, the US Dollar starts this morning on the front foot, making advances against both the Euro and Sterling.
IFX Market Report: Thursday 15th July 2021
The US Dollar weakened yesterday afternoon as Federal Reserve Chair Jerome Powell “stuck to the script on monetary policy” at his latest testimony.
IFX Market Report: Wednesday 14th July 2021
Cable came under pressure on Tuesday as US CPI data indicated that inflation is at its highest point in 13 years.
IFX Market Report: Tuesday 13th July 2021
The British Pound traded rather flat on Monday as there were “little or no drivers during the session to push Sterling”.
