News & analysis

Morning Report: 15 October 2018

GBP. This week proves pivotal for sterling as it struggles to find a foothold amidst Brexit uncertainty. The European Council were meant to meet on Wednesday evening to discuss the UK’s withdrawal agreement ahead of Thursday’s summit. However, last night Theresa May threw a spanner in the works when she refused to sign off on […]

Read more

Morning Report: 12 October 2018

GBP. Yesterday evening Theresa May briefed her inner cabinet as she faced opposition over a “backstop” plan for the Irish border that could see the UK locked in a customs union indefinitely. The Financial Times reported that two Eurosceptic cabinet ministers were on the verge of quitting in protest of the backstop option, which would […]

Read more

Morning Report: 11 October 2018

GBP. Brexit headlines continued to dominate the media yesterday, smothering the poor economic data release in the morning. Yesterday’s August Gross Domestic Product figures surprised to the downside showing the economy didn’t grow at all compared to July, however, the negative shock was somewhat mitigated by July’s upward revision to 0.4%. In spite of this, […]

Read more

Morning Report: 10 October 2018

GBP. It was a case of another day another Brexit story yesterday, which had sterling on the offensive as the stories struck a tone of possible compromise. The Wall Street Journal published an article claiming that divorce terms could be settled by Monday by both UK and EU officials. This caused a spike in the […]

Read more

Morning Report: 09 October 2018

  GBP. Sterling lost a fifth of a percentage point as markets got fooled by the ever-changing Brexit calendar. It was released yesterday that the European Commission will not formally adopt a draft text on the future of the UK and EU’s relationship post Brexit on Wednesday, which was previously expected. Further to the stalling […]

Read more

Morning Report: 08 October 2018

GBP. FX markets came to the conclusion that the chance rose of some sort of deal eventually being struck between the UK and EU on Friday as GBPUSD rallied 0.76%. Headlines suggested that negotiations over the Irish border may come to fruition soon; a contentious issue that has held up Brexit negotiations thus far. This […]

Read more

Morning Report: 05 October 2018

  GBP. Sterling had a strong rally yesterday off the back of a Reuters headline suggesting the Tory party had submitted a new proposal to the EU regarding the Irish border. This saw sterling surge to the top of the G10 currency board as EU officials claimed: “this is a step in the right direction”. […]

Read more

Morning Report: Thursday 4th of October 2018

GBP. Sterling only lost out against the rampant dollar on a day on which Theresa May’s closing speech at the Conservative Party conference increased confidence in her position. May’s speech was not considered being disastrous – in sharp contrast to last year’s edition – and the fact that this is seen as a sterling positive […]

Read more
Ranko Berich

Ranko Berich

Ranko Berich is Head of Market Analysis at Monex Europe. He is a respected macroeconomic commentator, combining incisive market insight with a deep understanding of global economic and political events.

Ranko leads our team of analysts, providing commentary and insight on the markets as news breaks.

Receive the report