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Moneycorp LogoDaily brief: Moneycorp

Sterling left behind

Posted on: 4 August 2014

It has been raining in Lisboa, where the central bank has drained its Resolution Fund to rescue Banco Espirito Santo from bankruptcy. But no contribution will be needed from taxpayers: this time, the euro zone is having a good crisis.

Payrolls and PMIs

Posted on: 1 August 2014

The Loonie had an exhilarating afternoon following news of a spirited 0.4% economic expansion for Canada in May.

Fed caution holds back buck

Posted on: 31 July 2014

Driverless cars have been allowed on Britain's roads for more than a century. From January, they will be allowed to move from one parking place to another without drivers too.

Watch out for the dollar

Posted on: 30 July 2014

EU leaders have at last agreed what can and cannot be sold to Russia under the new sanctions. Electrical pulse generators, flame throwers and symmetric algorithms all figure on the list of banned items but aircraft carriers are alright.

Major currencies mostly comatose

Posted on: 29 July 2014

Ten-tick moves were the order of the day for the euro, the franc, the yen, the pound and the US, Canadian and Australian dollars.

A big week for ecostats

Posted on: 28 July 2014

Palaeontologists at Edinburgh university reckon an unfortunate combination of circumstances including volcanoes, scarce food and a giant asteroid caused the extinction of dinosaurs 66m years ago.

Acceptable UK data is not enough for sterling

Posted on: 25 July 2014

A confession by the European Central Bank on Thursday revealed that hackers had "stolen... email addresses and contact information".

Sterling and Kiwi hurt by interest rate news

Posted on: 24 July 2014

One day the euro will fall out of bed. It could have been yesterday; Tuesday's attack had teed it up nicely for a full-blooded onslaught that could have sent the euro on its way to a four-and-a-half-cent drop against the US dollar.

Investors focus on inflation and interest rates

Posted on: 23 July 2014

The Aussie was Tuesday's joint leader alongside the South African rand. It managed two bites at the cherry, the first when US inflation came in slightly below forecast and the second when the Australian reading was higher than expected.

Inflation risk to US and Australian dollars

Posted on: 22 July 2014

On Monday investors did their best to get excited about the monthly fall in Rightmove's index of UK real estate asking prices, the declines in Italian industrial orders and sales and the microscopic slippage in the Chicago Federal Reserve's national activity index.

Investors disregard geopolitical risk

Posted on: 21 July 2014

Investors once again demonstrated their ability to brush off bad news. Having reconsidered the bloodshed in Gaza and Ukraine they came to the conclusion that there was no need to panic about the possibility of negative effects on the global economy.

Fed ups the ante on rates

Posted on: 17 July 2014

For the second time in as many days Federal Reserve Chairperson Janet Yellen told Congress that US interest rates are likely to go up sooner than most people expect.

Sterling wins the day

Posted on: 16 July 2014

Investors had been looking for an incremental rise in inflation from 1.5% to 1.6%. Instead it jumped to 1.9%, within a tick of the Bank of England's 2% target.

Sterling steps back

Posted on: 15 July 2014

Sterling and the Japanese yen brought up the rear of the field on Monday. Investors had no particular problem with either currency.

Draghi on the horizon

Posted on: 14 July 2014

Sterling's performance on Friday was not quite up to world championship standard but it easily made it into the top eight.