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Moneycorp LogoDaily brief: Moneycorp

The buyers are still there

Posted on: 23 September 2014

On Friday it had appeared that with the Scottish independence question out of the way investors were content to take profits on the pounds they had bought in anticipation of the result.

Sterling’s relief rally falters

Posted on: 22 September 2014

Until recently the biggest group of people dressed as Batman had numbered 250. Last week that record was smashed by 542 Batmen impersonators in Calgary.

Scots keep their Ayes out

Posted on: 19 September 2014

The bookmakers and the FX market seemed to have little doubt yesterday that residents of Scotland would reject the idea of going their own way.

X marks the spot

Posted on: 18 September 2014

The pound's days of trench warfare are numbered. If all goes to plan, by the time London opens tomorrow morning it will either have won the war or been critically wounded.

Heavyweight ecostats due today

Posted on: 17 September 2014

In the last century 60 countries have gained independence from the UK. Of those, 47 issue their own currency and eight use the US dollar, the Aussie or the euro.

Sterling-build-up starts today

Posted on: 16 September 2014

On average sterling was down on Monday by -0.3% against the other dozen most actively-traded currencies.

The calm before the calm

Posted on: 15 September 2014

The Australian dollar - not the British pound - was the worst performer last week among the major currencies. It fell again on Friday, bringing its losses for the week to seven and a half cents against sterling and six against the euro.

Someone pressed the ‘Don’t Panic’ button

Posted on: 12 September 2014

The latest stab at next Thursday's Scottish independence referendum, from YouGov, found unionists outnumbering separatists by 52 to 48.

Sorry, it’s still the referendum

Posted on: 11 September 2014

Several of today's papers boast coverage of "leaked Star Wars photos". But readers hoping for salacious snaps of Padmé Amidala, hacked from the iCloud, will be disappointed.

Governor reassures investors

Posted on: 10 September 2014

Washington's Pew Research Center asked people around the world how their national economy was doing. Whilst in Germany 85% said it was doing well, in Greece only 2% had a positive view.

Scottish referendum overshadows sterling

Posted on: 9 September 2014

Having begun Monday badly the pound continued to lose ground on several - though not all - fronts. Investors did not like the look of a poll which showed more people intending to vote for independence than against.

Pound hurt by referendum uncertainty

Posted on: 8 September 2014

The bookmakers still show Scotland as more likely to remain within the United Kingdom than to leave it next week but the odds have narrowed to 2/5.

That’ll be a bang then

Posted on: 5 September 2014

A bit like the Spanish inquisition, nobody ever expected the European Central Bank to lower its interest rates yesterday.

A bang or a whimper

Posted on: 4 September 2014

Following the EU ban on powerful vacuum cleaners, demand for fast-action kettles has soared in anticipation that they will be next for the chop.

Scottish survey scuppers sterling

Posted on: 3 September 2014

Sterling took the ice bucket challenge yesterday. Of all the metaphors available to it (interest rates, growth, employment, etc.) it unwisely selected political stability and ended up catching a cold.