News

Morning Report: 20 February 2018

GBP Sterling had a quiet day yesterday, weakening against both the euro and US dollar. Today, Brexit Secretary David Davis will attempt to reassure business leaders in Austria with a speech due at 09:45 GMT. The pre-release of the text from the speech indicates that Davis will set out a variety of industry aims, though […]

Read more

Morning Report: 19 February 2018

GBP Sterling had an eventful Friday, weakening off the back of weak Retail Sales, but finding a modicum of stability later on comments from lead European Union negotiator Michel Barnier expressing optimism about the likelihood of an “orderly” Brexit. Retail sales fell well short of expectations in January, disappointing hopes for a rebound after a […]

Read more

Morning Report: 16 February 2018

GBP The pound strengthened further against the ailing US dollar yesterday, while trading flat against the euro. Amid momentous international events such as the resignation and replacement of South Africa’s President Zuma and the reappointment of Japanese Central Bank head Kuroda, sterling news flow was rather quiet yesterday. Reports circulated that EU officials are considering […]

Read more

Morning Report: 15 February 2018

GBP Sterling advanced against USD yesterday after the greenback fell apart in a hectic afternoon session. Little action was seen against the euro. Boris Johnson made a speech in an attempt to urge Remain voters to see the upside in Brexit, and was universally panned by his intended audience, while offering no new policy detail. […]

Read more

Morning Report: 14 February 2018

GBP Sterling took advantage of yesterday’s dollar weakness, but it’s downwards trend against the euro was interrupted only by a short lived burst of strength after the release of better than expected inflation data. Year on year Consumer Price Index inflation remained at 3%, defying expectations for a slight fall. Although price increases were broad […]

Read more

Morning Report: 13 February 2018

GBP Most of the major currencies had a slow start to the week yesterday, as sterling traded flat against USD and weakened slightly to the euro. This morning’s key event is the release of Consumer Price Index figures from the Office for National Statistics. The monthly figure has been teetering around 3.0%, and although it […]

Read more

Morning Report: 12 February 2018

GBP A disappointing Trade Balance and critical comments by the European Union’s chief Brexit Negotiator Michel Barnier were enough to let the let the sterling bears loose on Friday, and the pound gave back its gains from Thursday’s hawkish Bank of England statements. Over the weekend Visa released its UK spending index, which showed a […]

Read more

Morning Report: 9 February 2018

GBP The Bank of England gave a clear warning it will raise rates sooner than previously expected in yesterday’s policy statement and press conference, giving sterling some broad support after losses earlier in the week. The MPC’s optimism was driven by upgraded growth expectation, a rapidly improving global outlook, and increased confidence that slack is […]

Read more

Morning Report: 8 February 2018

GBP Sterling started yesterday off with a burst of strength, but then retreated back towards week lows against USD, while heading up versus the euro. It’s Super Thursday at the Bank of England today, meaning the latest Inflation Report will be released alongside a rate decision, policy statement, and meeting minutes, and presented by Monetary Policy Committee […]

Read more

Morning Report: 7 February 2018

GBP Sterling closed flat against USD yesterday, quickly recovering after a mid afternoon sell-off. Global equity markets remained in turmoil, with choppy trading patterns continuing overnight. Brexit headlines of the usual size and shape circulated in the major papers, regarding European Commission plans to limit UK access to the single market, as well as requirements […]

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