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Moneycorp LogoDaily brief: Moneycorp

Threat of the day: unemployment

Posted on: 18 December 2013

Since 1853 British banknotes have been made of cotton. Cotton paper is more durable than the cheaper stuff made of wood and it is better at absorbing ink. But it is still susceptible to wear and tear, it absorbs dirt almost as well as it absorbs ink and it does not hold up too well in the washing machine.

2.2% might not be enough

Posted on: 17 December 2013

International investors might be suspicious about the source and sustainability of Britain's recovery but in general they are content to accept that unemployment is falling and the economy is growing on a broad front.

If in doubt, have a go at the pound

Posted on: 16 December 2013

Sterling received a good hiding from disgruntled investors on Friday. Ostensibily they were selling it because the BoE's Chief Economist gave a speech in which he dismissed the idea of an early interest rate increase.

Sterling about to walk under a ladder

Posted on: 13 December 2013

Yesterday's currency movements will not have had a huge impact on PSA's results for 2013. The euro lost 40 ticks to the US dollar and 25 to the pound.

Sterling slips on profit-takers’ banana skin

Posted on: 12 December 2013

One of the highlights of the Nelson Mandela media marathon was Tuesday's memorial service. Global leaders congregated to bask in the reflected glory of one of the 20th century's most celebrated statesmen and to anoint his memory with their purple prose.

More treacle then

Posted on: 11 December 2013

With only two weeks to go until the big day, the media focus is on Christmas gift-giving. A couple mention a survey by Littlewoods, the Merseyside catalogue emporium, which has made the astonishing discovery that women spend more time than men on their Christmas shopping.

This could be sterling’s tomorrow

Posted on: 10 December 2013

There is concern that Britain's economic recovery is unsustainable because it is based on flimsy factors such as savings withdrawal, house price inflation and consumer credit.

Good US data but maybe not good enough

Posted on: 9 December 2013

The dispassionate observer is more likely to have been surprised at the reaction of investors to Friday's US economic data.

Bad day for sterling

Posted on: 6 December 2013

It was a frustrating day for sterling yesterday. It did nothing wrong yet found itself demoted to the bottom of the major currency league.

Watch out at half past one

Posted on: 5 December 2013

Putting together evidence from Edward Snowdon's purloined documents and interviews with officials of America's National Security Agency this morning's Washington Post concludes that the NSA "is gathering nearly 5 billion records a day on the whereabouts of cellphones around the world".

Will UK services PMI shine brightly enough?

Posted on: 4 December 2013

Researchers have discovered there are other routes to alertness than drinking coffee. Gregory Ferenstein became concerned when his monthly Starbucks bill exceeded his electricity bill.

A savings-led recovery?

Posted on: 3 December 2013

To mark the passing of what is supposedly the busiest shopping day of the year the Daily Mail highlights some of the bargains to be found at conventional retailers.

Stop early for Christmas?

Posted on: 2 December 2013

Figures from the Bank of England on Friday showed money supply increasing by 2.4% in the year to October.

Happy Thanksgiving!

Posted on: 28 November 2013

In Britain the harvest festival is a typically understated affair, which involves decorating the church with out-of-date tins of luncheon meat and the odd stick of rhubarb.

“The strongest major advanced economy in the world”

Posted on: 27 November 2013

The Scottish Nationalist party launched its independence manifesto in a disused Glasgow warehouse yesterday. Its 670 pages list the potential advantages of an independent Scotland, including the sequestration of North Sea oil reserves and the addition of the prefix "Mac" to all surnames.