Market Reports

13 Sep 2024

IFX Market Report: Friday 2nd August 2024

2 min read

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 […]

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14 Jun 2021

IFX Market Report: Monday 14th June 2021

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Sterling is on the back foot this morning as senior ministers have signed off a decision to delay the lifting of all coronavirus restrictions in England beyond 21 June.

9 Jun 2021

IFX Market Report: Wednesday 9th June 2021

2 min read

Cable dropped below 1.4150 on Tuesday due to growing fears over a possible delay in the UK’s reopening as a result of the rising cases of the Indian Delta COVID-19 strain.

8 Jun 2021

IFX Market Report: Tuesday 8th June 2021

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With a light data calendar on Monday, G10 currencies remained somewhat flat as the Pound and Euro made subtle advances on an already shaky US Dollar.

7 Jun 2021

IFX Market Report: Monday 7th June 2021

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The Dollar weakened on Friday due to disappointing US Labour data, enabling both Sterling and the Euro to advance.

4 Jun 2021

IFX Market Report: Friday 4th June 2021

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The Pound struggled again on Thursday as markets became increasingly worried about the rise in Delta COVID-19 cases here in the UK.

3 Jun 2021

IFX Market Report: Thursday 3rd June 2021

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The Pound was uninspiring on Wednesday, recording another day of losses against the Euro as GBPEUR closed above the 1.16 handle.

2 Jun 2021

IFX Market Report: Wednesday 2nd June 2021

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Despite reaching fresh 2-year highs against the US Dollar early in the session, The British Pound was the worst performing G10 on Tuesday, losing ground against both the Euro and USD.

1 Jun 2021

IFX Market Report: Tuesday 1st June 2021

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Thanks to a weaker US Dollar, GBPUSD was able to reach fresh highs not seen since February earlier this year on Monday.

28 May 2021

IFX Market Report: Friday 28th May 2021

2 min read

Sterling rallied across the board yesterday after BOE Senior Policymaker Gertjan Vileghe said an early interest rate hike is possible providing there is a smooth transition of workers from furlough back to employment.

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