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Daily brief: Moneycorp
Posted on: 30 August 2013
After all the ups and down of the last few days yesterday was a bit on the quiet side. The main release of the day was the US GDP numbers which came out on the strong side at 2.5% on an annual basis.
Posted on: 29 August 2013
Twerking, the raunchy dance move performed by Miley Cyrus at the MTV VMAs is among the new words added to the Oxford English Dictionary.
Posted on: 28 August 2013
There were signs yesterday that any move against the Assad regime would be messy and possibly risk a wider conflagration.
Posted on: 27 August 2013
A Bank Holiday in the UK, not so elsewhere in the world, meant that the markets were open though in reality the economic calendar was particularly light.
Posted on: 23 August 2013
The foreign exchange market was not entirely comatose on Thursday but very little has happened since yesterday afternoon...
Posted on: 22 August 2013
Researchers have discovered that supporters of losing football teams suffer psychologically from each defeat while fans of the winning side get a boost.
Posted on: 21 August 2013
For more than two centuries, prisoners in Britain have benefitted from the work of Elizabeth Fry and her spiritual successors.
Posted on: 20 August 2013
Since the beginning of May the Australian dollar has lost 14% of its sterling value. That is almost as much as the Indian rupee, which has fallen to record lows since the US central bank revealed that its monetary stimulus would not go on forever.
Posted on: 19 August 2013
Investors' attitude towards the British pound used to be rare and buyers got burnt. On Friday, however, the bears had a golden opportunity to sell sterling and they passed it by...
Posted on: 16 August 2013
Can it be a coincidence that figures last week showed Euroland retail sales falling by -0.5% in June and by -0.9% on the year while UK numbers for the same month revealed a 0.2% monthly increase with sales up by 1.9% on the year?
Posted on: 15 August 2013
Hard on the heels of yesterday's feigned outrage at the prospect of a new UK house price bubble, today's papers report the horrified astonishment of some that Google's email service does not guarantee watertight privacy.
Posted on: 14 August 2013
It will be no surprise to hear that not everyone is overjoyed about Britain's economy being on the mend.
Posted on: 13 August 2013
The Japanese currency, which weakened by one yen or 0.7%, was the yesterday's biggest mover. For the rest, the antipodean dollars had to give back some of last week's windfall gains...
Posted on: 12 August 2013
Since last Thursday morning, sterling has moved just one fifth of a Japanese yen, seven hundredths of a euro cent and three fiftieths of a US cent...
Posted on: 9 August 2013
British consumers will have been relieved to hear on Wednesday that the Bank of England intends to keep its benchmark Bank Rate at a record low 0.5% for the foreseeable future.
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