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: Thursday 27th May 2021
Cable remained under pressure yesterday as former Downing Street advisor Dominic Cummings gave a highly anticipated testimony.
IFX Market Report: Wednesday 26th May 2021
The Euro was able to capitalize against the Dollar and Pound on Tuesday as the currency strengthened due to the “rapid acceleration in the rollout of vaccines in the Eurozone”.
IFX Market Report: Tuesday 25th May 2021
GBPEUR plummeted back in to the 1.15’s on Monday early morning, and while the pair reclaimed some of its losses on the day, it wasn’t able to finish above the 1.16 mark.
IFX Market Report: Monday 24th May 2021
GBPEUR was able to close above the 1.16 handle on Friday as the Pound capitalized on a weak Euro.
IFX Market Report: Friday 21st May 2021
Cable was able to gain some subtle upside in Thursday’s session as retreating US bond yields undermined a weaker US Dollar.
IFX Market Report: Thursday 20th May 2021
After almost reaching multi-year highs on Tuesday, Cable plummeted on Wednesday and closed below the 1.1450 mark.
IFX Market Report: Wednesday 19th May 2021
Both Sterling and the Euro capitalized significantly as the Dollar experienced yet another day of decline.
IFX Market Report: Tuesday 18th May 2021
The Pound made an impressive start on Monday as the UK ‘re-opening’ progressed, with individuals now allowed inside pubs and restaurants from yesterday, along with indoor socializing and a limited range of foreign travel.
IFX Market Report: Monday 17th May 2021
The Dollar was notably weaker on Friday, enabling both the Euro and Pound to make gains against the Greenback to close the week.
