Mark Deans, Moneycorp

Daily brief: Moneycorp

Mark Deans, Dealing Manager at Moneycorp

Sterling encounters more resistance

25 April 2012
The headlines you never see: "Global corporation lobbies government", "Politician courts media support", "PM and TV mogul attend same lunch". But what about "German central banker endorses euro"?

Australian inflation halves in Q1

24 April 2012
Australian Bureau of Statistics has announced that CPI inflation has fallen from 3.1% to 1.6%, with prices rising by just 0.1% in the six months to end-March.

Retail sales lift sterling

23 April 2012
The pound had a pretty good day on Friday. It picked up half a US cent and one and a half Australian cents. Against the euro, the franc, the Canadian and New Zealand dollars and the yen it is unchanged...

No economic data, no currency movement

20 April 2012
Britain's chancellor arrived in Washington last night for discussions with the International Monetary Fund.

UK unemployment falls; sterling rises

19 April 2012
The row over last month's UK Budget is escalating. In Parliament on Wednesday the prime minister was pressed to explain why there is VAT on Cornish pasties but not on caviar.

Successful Spanish bill auction helps euro

18 April 2012
Today's Daily Mail draws attention to a "grandiose" EU project to build a House of European History in Brussels. By the time it opens in two years' time more than €60m will have been poured into the scheme.

Spanish bill auction today

17 April 2012
President Kirchner's ambitions are not limited to coral reefs. She has just appropriated YPF, a subsidiary of Spain's Repsol oil company worth around €4bn. Madrid is not amused.

Sterling/euro at a crux

16 April 2012
The Ernst & Young ITEM Club has announced its assessment for the UK economy this year. It reckons gross domestic product will grow by a "dismal" 0.4% in 2012, half the 0.8% forecast by the Office for Budget Responsibility.

Italy sells bonds; panic over

13 April 2012
Five fire crews attending an emergency in Carshalton yesterday were rendered powerless by health and safety legislation to assist the victim, stranded in a shallow pond.

ECB ready to buy more government bonds

12 April 2012
ritain's government has announced a plan to import electricity from Iceland, where geothermal power makes it cheap to produce.

Contagion alert leaves euro unscathed

11 April 2012
Sterling did not trouble the emergency services yesterday when it was unable to break out of the range that has kept it below €1.2150 since September 2010.

Plenty of noise; little action

10 April 2012
Britain's chancellor is reported to have been "shocked" to hear that the country's top earners minimise their tax obligations.

Another UK win in the European PMI stakes

5 April 2012
It did not need a rocket scientist to spot yesterday that Britain's purchasing managers' index for the services sector, which came in at 55.3, comfortably surpassed most of the others.

No more QE from the Federal Reserve

4 April 2012
There are no signs that the Federal Reserve is about to increase US interest rates. Fed Chairman Ben Bernanke remains insistent that the Funds Rate will stay close to zero at least until 2014.

British manufacturing leads Europe

3 April 2012
Yesterday's papers carried a story about the prevalence of childhood obesity. Today's headlines highlight smaller school meals. Problem and solution? Apparently not.