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: Monday 14th June 2021
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.
IFX Market Report: Wednesday 9th June 2021
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.
IFX Market Report: Tuesday 8th June 2021
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.
IFX Market Report: Monday 7th June 2021
The Dollar weakened on Friday due to disappointing US Labour data, enabling both Sterling and the Euro to advance.
IFX Market Report: Friday 4th June 2021
The Pound struggled again on Thursday as markets became increasingly worried about the rise in Delta COVID-19 cases here in the UK.
IFX Market Report: Thursday 3rd June 2021
The Pound was uninspiring on Wednesday, recording another day of losses against the Euro as GBPEUR closed above the 1.16 handle.
IFX Market Report: Wednesday 2nd June 2021
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.
IFX Market Report: Tuesday 1st June 2021
Thanks to a weaker US Dollar, GBPUSD was able to reach fresh highs not seen since February earlier this year on Monday.
IFX Market Report: Friday 28th May 2021
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.