News

Morning Report: 25 May 2018

GBP. Sterling made gains against most G10 currencies yesterday except CHF and JPY, which were fuelled by an increased market appetite for safer currencies. Today has the potential to be a decisive day for sterling, with the second reading of Gross Domestic Product at 09:30 BST. Bank of England policy makers, including Governor Mark Carney, […]

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Morning Report: 24 May 2018

GBP. Sterling performed well against a strengthening dollar yesterday, until the release of the Consumer Price Index data which signalled a further slowdown in UK inflation. The CPI release saw inflation continue to cool, with the 2.4% reading being the lowest level in a year. Although this news provides some relief to an economy that […]

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Morning Report: 23 May 2018

GBP. Sterling held steady yesterday, fending off a surge in dollar strength in the afternoon session but has started this morning solidly on the back foot, in particular against the US dollar. Mark Carney and other Monetary Policy Committee members testified to Parliament’s Treasury Committee yesterday, with little new information released. However, one item of […]

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Morning Report: 21 May 2018

GBP. Sterling contained its losses during another week of broad dollar strength last week, with most of its losses occurring on Friday. This week’s data has the potential to be decisive for the UK economy with the Consumer Price Index released on Wednesday and Retail Sales out on Thursday. Bank of England economists will be […]

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Morning Report: 18 May 2018

GBP. Sterling was the sole currency to make gains against the dollar out of the G10 currencies yesterday, after jumping in the early hours of the morning but modestly paring gains as the day went on. The news of the day came in the way of a “backstop” being agreed by Ministers, which would see […]

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Morning Report: 17 May 2018

GBP Sterling made concessions to USD yesterday but did see some progress against the euro. With no data released and disregarding Theresa May accidentally committing the UK to a customs union- rather than the default line of ‘customs arrangement’- during Prime Minister’s Questions yesterday, the most notable story for sterling was the announcement by Theresa […]

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Morning Report: 16 May 2018

GBP. Sterling contained its losses against the dollar yesterday better than most of the G10 currencies, with only CHF faring better. Unemployment data showed a minor increase in those claiming unemployment benefits for April, up from 2.4% to 2.5%, but growth in Average Weekly Earnings fell from 2.8% to 2.6%. Yesterday the Guardian reported that […]

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Morning Report: 15 May 2018

GBP. Sterling was the only G10 currency to make gains against USD yesterday despite little headline data. Today sees the release of labour market data for the UK at 9:30 BST, with both the Claimant Count and ILO measure of unemployment released alongside Average Weekly Earnings. With unemployment at historic lows, conventional economic theory would […]

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Morning Report: 14 May 2018

GBP. Sterling made minor gains against USD when measured across the week, but made stronger gains on Friday than the weekly average. With little in the way of UK data today, the market’s attention will be fixed upon tomorrow’s releases of Average Earnings, Unemployment data and the Bank of England’s Inflation Report Hearings. During these […]

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Morning Report: 11 May 2018

GBP. Another poor day for sterling yesterday, with only the Kiwi dollar losing more ground against its G10 currency counterparts. The Bank of England kept interest rates on hold at 0.5%, which was in line with the revised market expectations after a recent run of poor economic data from the UK. The Monetary Policy Committee […]

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Ranko Berich

Ranko Berich

Ranko Berich is Head of Market Analysis at Monex Europe & Monex Canada. 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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