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: Tuesday 29th June 2021
FX markets traded relatively flat on Monday with little data or news to give currencies direction.
IFX Market Report: Monday 28th June 2021
Cable has continued its decline going into the new week, after the pair fell for a second consecutive day on Friday.
IFX Market Report: Thursday 24th June 2021
As market sentiment began to sour yesterday, there is a bullish demand for the safe-haven USD going into today’s session.
IFX Market Report: Wednesday 23rd June 2021
With the Greenback still under pressure, Sterling and Euro were able to make subtle gains in the Tuesday session.
IFX Market Report: Tuesday 22nd June 2021
The Great British Pound was able to gain some traction on Monday after a dismal performance last week, making gains against both the Euro and more notably, the Dollar.
IFX Market Report: Friday 18th June 2021
A strengthening Greenback put pressure on an already weak Sterling yesterday, causing Cable to go below the 1.4000 handle.
IFX Market Report: Thursday 17th June 2021
Despite Sterling showing some resilience yesterday to surpass the 1.4100 handle yesterday.
IFX Market Report: Wednesday 16th June 2021
Brexit is back in the headlines as EU citizens face no right to remain in the UK, despite Ireland expecting to Britain to ease its stance on the matter.
IFX Market Report: Tuesday 15th June 2021
Despite Sterling starting on the back foot yesterday, the Great British Pound was able claw back some of the losses it had made by the close.
