News

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 […]

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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 […]

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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, […]

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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 […]

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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 […]

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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 […]

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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”. […]

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Morning Report: 02 October 2018

GBP. The pound started Q4 by making marginal gains against the dollar and further ground against the euro despite having a choppy session yesterday. A strong reading in the Manufacturing Purchasing Managers Index for September, which beat forecasts by over a point, set sterling on its way yesterday morning. Flash headlines, likely stemming from the […]

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Morning Report: 02 October 2018

GBP. The pound started Q4 by making marginal gains against the dollar and further ground against the euro despite having a choppy session yesterday. A strong reading in the Markit Manufacturing Purchasing Managers Index for September, which beat forecasts by over a point, set sterling on its way up yesterday morning. Headlines stating that the […]

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Morning Report: 01 October 2018

GBP. Sterling was relatively choppy last week and ultimately lost ground to both the euro and the dollar. This week looks like it is going to be as volatile for the pound with the Conservative Party Conference continuing until Wednesday, where it is considered leadership challenges may start to begin alongside further Brexit statements, and […]

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Morning Report: 28 September 2018

GBP. Sterling is the only G10 currency that has made gains against the dollar when measured on a weekly basis thus far, although the pound is only marginally holding its gains. Today see’s the final reading of Q2 Gross Domestic Product figures released along with the Current Account balance for Q2. Both month end and […]

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Morning Report: 26 September 2018

GBP. Sterling continues to top the G10 currency board as yesterday the pound gained 0.5% against the dollar. Little news came from the Labour Party Conference apart from a growing division over a second referendum, but it is now clearer that the Labour Party will reject any Brexit deal proposed by May. This forces the […]

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Morning Report: 25 September 2018

GBP. Sterling topped the G10 currency board against a generally strengthening dollar yesterday, posting a 0.37% rally on cable. Theresa May called a cabinet meeting yesterday, where a possible contender for leadership Sajid Javid, navigated a new immigration regime through divided opinions. The regime suggests the UK would be open to high skilled migrants post-Brexit, […]

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Morning Report: 24 September 2018

GBP. Sterling had a volatile week, with GBPUSD falling the most in one day this year on Friday off the back of Theresa May’s stern speech demanding respect from the EU. Investors repriced in the possibility of a no deal Brexit, which was arguably forgotten about in a week of strong economic data out of […]

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Morning Report: 21 September 2018

GBP. Sterling catapulted yesterday off the back of a second consecutive positive surprise in UK data. Retail Sales were released at 09:30 yesterday, and with the median forecast on Bloomberg expecting a 0.2% moderation from last month’s staggering figure, Retail Sales for August surprised to the upside and posted 0.3% MoM growth despite last month’s […]

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Morning Report: 20th September 2018

GBP. Sterling spiked yesterday morning after August’s Consumer and Producer Price Indices came in hot. August’s CPI exceeded expectations of a 0.5% MoM increase and came in at 0.7%, pushing the YoY figure up to 2.7%. Most notably, the Core CPI reading popped its head above the 2.0% level and confirmed the Bank of England’s […]

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Morning Report: 19 September 2018

GBP. Sterling has been in a period of flux following positive Brexit comments from Brussels. But with no materialistic developments, it has failed to find a new leg higher and remains significantly undervalued on a trade-weighted basis. That may change this week, however, with a plethora of data released for the UK economy and a […]

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Morning Report: 18 September 2018

GBP. Sterling rallied 0.68% when measured against the dollar yesterday, but has started on the back foot this morning. Broad dollar weakness is attributable to yesterday’s cable move ahead of a busy calendar week that kicks off tomorrow. Today, a poll of academics by the U.K. in a Changing Europe found that 88% of respondents […]

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Morning Report: 17 September 2018

GBP. Sterling has been in a period of flux following positive Brexit comments from Brussels. However, with no materially new developments, it has failed to find a new leg higher and remains significantly undervalued on a trade-weighted basis. That may well change this week, as a plethora of data is released for the UK economy, […]

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Morning Report: 14 September 2018

GBP. Sterling found a boost of strength in yesterday’s afternoon session when measured against USD, but this looks more attributable to a period of dollar weakness than any reaction to the Bank of England’s announcements. The Bank of England convened to release their monetary policy decision yesterday, which unsurprisingly resulted in interest rates remaining at […]

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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.

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