Mark Deans, Moneycorp

Mark Deans, Moneycorp

Daily brief: Moneycorp

Mark Deans, Dealing Manager at Moneycorp

Nobel Peace Prize: Our win or theirs?

15 October 2012
We've won the Nobel Peace Prize! But reflect for a moment. Is the average Greek or German thinking "we've won" or "they've won"?

Adair Turner; beyond QE?

12 October 2012
Opponents of the asset purchase programmes of quantitative easing, as enacted in Britain, America and Japan, claim they are of doubtful benefit and store up trouble for the future.

Spain’s sovereign credit rating downgraded

11 October 2012
Investors' contentment was undermined yesterday by falling equity prices and again this morning by a downgrade by Standard & Poor's of Spain's sovereign credit rating by two points to BBB-.

Investors no longer so sure about Greece

10 October 2012
A team at Newcastle University, having nothing better to do, investigated which sounds are most unpleasant to the human ear.

German vote of confidence for Greece?

9 October 2012
The German chancellor's trip to Athens, her first since the onset of the crisis, is seen as a good thing by investors. They interpret it as a vote of confidence.

All eyes on EU finance ministers meeting

8 October 2012
Sterling fell against the US and Canadian dollars, the euro, the yen and all three Scandinavian crowns on Friday. Even so, a raw average of its ups and downs showed it unchanged on the day.

ECB awaits Spain’s pleasure

5 October 2012
At his monthly press conference yesterday the ECB president again reminded investors that the ECB rescue plan could only go ahead if Spain asks for help and accepts the conditions that accompany it...

Spanish auction and ECB press conference today

4 October 2012
Sterling moved lower yesterday not because there were more sellers than buyers but because the services sector purchasing managers' index (PMI) was the highest in Europe.

Iranian rial in turmoil

3 October 2012
Anyone care to make a stab at the value of the Iranian rial? The comprehensively-named Central Bank of the Islamic Republic of Iran gives a "reference rate" of 12,260 rials to 1 US dollar.

RBA cuts cash rate to 3.25%

2 October 2012
The Australian dollar had to face the music this morning after the Reserve Bank of Australia lowered its cash rate by 25 basis points to 3.25%.

Sterling loses its way

1 October 2012
After a fortnight of resilience to the slings and arrows of politics and economic data the pound reversed course on Friday, losing ground to every major currency except the Australian dollar.

Euro leaders embrace austerity

28 September 2012
A €1,000 in-flight meal and a fancy cigar are not the best possible PR for the prime minister in austerity-strapped Spain but it is easy enough to understand his need for Dutch courage.

Euro indifferent to Spain’s woes

27 September 2012
The banks in Spain would give their right arm for a kitty rich enough to finance an egg-timer, let alone a new watch or phone...

Investors eager to clutch any hint of euro rescue

26 September 2012
Investors jumped to conclusions yesterday when the European Stability Mechanism announced it would invest some of its core assets in government bonds rated AA or better.

The euro struggles

25 September 2012
Britain's government is pressing ahead with a new "Business Bank", whose purpose is to make loans available more easily and quickly to small and medium-sized enterprises (SMEs).