News & analysis
"With USDJPY a litmus test for market sentiment towards risky climates, depreciation in the yen signalled along with gains in US equities signalled a risk-on environment and gave the dollar another bout of strength" – the G10 broadly lost out to USD ydayhttps://t.co/iNaeTFc3ae
— Monex Europe (@monexeurope) August 15, 2018
Morning Report: 15 August 2018
GBP. Yesterday’s labour market data did little to further sterling’s morning rally despite the headline unemployment rate falling to its lowest level since 1975. The reasoning behind this is because the 4.0% unemployment figure did not filter through into growth in Average Weekly Earnings, which moderated from 2.5% to 2.4% in June. With the Bank […]
This morning saw the release of UK labour market data. Unemployment fell to levels not seen since 1975, but with wage growth slumping, sterling's reaction was muted. Tomorrow's CPI release may prove more exciting, if the dust settles with TRY.
— Monex Europe (@monexeurope) August 14, 2018
Morning Report: 14 August 2018
GBP. The markets started today relatively calm as the Turkish lira depreciation has taken a back foot. With risk-off sentiment slowly unwinding in Asian trading this morning, sterling has taken the front foot ahead of labour market data released at 09:30 BST. The ILO measure of unemployment has reported a multi-decade low in the UK […]
Morning Report: 13 August 2018
GBP. Sterling has traded downwards for the last 7 days but is holding its open this morning. Last week’s Gross Domestic Product release for Q2 did little to stem sterling’s slide, as, despite the quarterly reading being on target at 0.4%, June’s month-on-month reading slipped slightly below the 0.2% forecast, at 0.1%. The key for […]
Morning Report: 10 August 2018
GBP. Sterling continued its decline against the dollar yesterday, despite a fairly positive start to the trading day. The afternoon’s dollar strength drove GBPUSD to post a sixth consecutive day of losses, a trend that has continued this morning. The release of Q2’s Gross Domestic Product may offer support for sterling today, as the 09:30 […]
Yesterday was a busy day for FX. EM currencies performed poorly yet again, as the RUB took another dive amidst looming US sanctions. The dollar looked to pare Tuesday's losses but eventually caved to EUR and JPY strength. GBPEUR broke its range. https://t.co/Q1fNzM3sq6
— Monex Europe (@monexeurope) August 9, 2018
Morning Report: 09 August 2018
GBP. Sterling suffered the worst from the dollar rally yesterday out of the G10 currencies. This morning sterling hasn’t started strongly, especially when measured against the euro as it dipped to fresh 11-month lows, but has since clawed back some early losses. Brexit sentiment continues to wain on sterling, and with no headline data nor […]
Morning Report: 08 August 2018
GBP. With little top-tier data and a lack of sterling headlines, GBPUSD rallied due to the general unwind of dollar strength in the morning of yesterday’s session. The only things of note yesterday were; Monetary Policy Committee member Ian McCafferty spoke about the uncertainty of QE’s withdrawal impact on radio, data suggesting starting salaries in […]
Morning Report: 07 August 2018
GBP. Sterling was the worst performing G10 currency against the dollar yesterday, depreciating nearly half a percentage point. The weekend’s Brexit headlines set the tone for sterling which started trading downwards in the morning session, and a swathe of dollar strength in the afternoon, which sent EURUSD lower, pushed sterling’s decline onwards. This morning, the […]
Ranko BerichRanko 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.