• Facebook
  • Twitter
  • LinkedIn
  • Google +
  • RSS feed

Moneycorp LogoDaily brief: Moneycorp

More information than they needed

Posted on: 25 June 2014

The likely explanation for the pound's decline on Tuesday was the revised steer on interest rates provided by the Bank of England governor.

Possibility of more forward guidance

Posted on: 24 June 2014

For the major currencies, no massaging of the rate would have been necessary for the US, Australian and NZ dollars, the euro, the Swiss franc, the Japanese yen and the British pound.

Loonie leads the way

Posted on: 23 June 2014

The Loonie delivered a flawless performance at the end of last week, with inflation rising to 2.3% and retail sales going up by 1.1% in May.

An 80p euro and a 59p dollar

Posted on: 20 June 2014

Researchers have made the startling discovery that the pricing at motorway service stations tends to be on the high side. A survey by the Consumers' Association found one roadside establishment charging 75p for a banana and another asking £1.59 for a bottle of water.

Governor says “told you so”

Posted on: 19 June 2014

A film called United Passions was launched at last month's Cannes festival. It tells the history of FIFA, football's international administrative body.

8-1 would be a good result for sterling

Posted on: 18 June 2014

The United States also won yesterday's inflation match, beating the United Kingdom 2.1% - 1.5%. America's score was an improvement on the previous month's 2% while Britain's was down from 1.8%.

Watch out for Cable at half past nine

Posted on: 17 June 2014

Sterling washed its face on Monday with no ill effect, remaining unchanged on average against the other major currencies.

Euroland inflation; low or lower?

Posted on: 16 June 2014

There is nothing cheapskate about sterling. Compared with its position a week ago the pound is stronger by an average of 1% against the other dozen most actively-traded currencies.

Interest rates to go up sooner than markets expect

Posted on: 13 June 2014

In a speech to the Lord Mayor of London's annual Mansion House Dinner the governor of the Bank of England touched on the subject of interest rates and when they might begin to go up.

Important black tie dinner tonight

Posted on: 12 June 2014

The mayor of London intends to buy three superannuated German water cannon for riot control. Inevitably there are objections from the health and safety and human rights factions.

UK jobs numbers must surprise and delight

Posted on: 11 June 2014

Two thousand years ago the Roman poet Horace wrote; "If possible honestly, if not somehow, make money". He would have been impressed by yesterday's massive increase in speeding fines.

ECB action might yet weaken the euro

Posted on: 10 June 2014

The authorities' approach to fining British motorists seems to be that if money is in short supply, simply have to generate more of it. It is the same economic logic that drove the quantitative easing programmes implemented by central banks in Japan, Britain and the States: if there is not enough money to go round you just print it until there is.

Subjectivism rules, apparently

Posted on: 9 June 2014

According to René Descartes, there is no such thing as reality; perception is all that matters. That was absolutely the case on Friday with the US employment report...

Fire one! Cease fire!

Posted on: 6 June 2014

On Thursday morning the financial world was on the edge of its seat in breathless anticipation of an 'historical' announcement by the European Central Bank...

Investors gather for ECB-Day celebration

Posted on: 5 June 2014

It is no problem remembering what exchange rates looked like on Wednesday morning; most of them looked very much as they do today.



Webinar: Managing currency risks in emerging marketsWATCH NOW ON-DEMAND