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Moneycorp LogoDaily brief: Moneycorp

Aussie and Kiwi get a shove from their mates

Posted on: 30 July 2013

The antipodean dollars were the biggest movers over the last 24 hours, the Aussie leading the way.

Little movement today

Posted on: 29 July 2013

Even the most obsessive investor would be pushed to distinguish this morning's exchange rates from those that obtained when London opened last Friday.

Reality exceeding expectation

Posted on: 26 July 2013

Happiness equals reality minus expectation. In financial markets the effects of this phenomenon are to be found everywhere, no more so than in the aftermath of Thursday's UK gross domestic product figures.

Will 0.6% be enough?

Posted on: 25 July 2013

"Wonga" is one of a handful of firms providing small-ticket retail loans to people whom the banks and loan sharks won't touch. For the privilege, its clientele pays elevated rates of interest that can exceed 4000%.

Sterling still beaming with pride

Posted on: 24 July 2013

"Greengrocer prosecuted for selling Apple's at 90p/lb".

Sterling’s strength

Posted on: 23 July 2013

The pound strengthened by one US cent and half a euro cent yesterday. It also received some help from the prime minister's comment that the improving UK economy might allow the government to reduce taxes.

Inspiration in short supply

Posted on: 22 July 2013

Sterling lost ground to the Australian dollar and the South African rand and strengthened elsewhere, leaving itself with an average gain of 0.1% against the top ten most actively traded currencies.

Time for sterling to dig in

Posted on: 19 July 2013

For years there have been allegations that professional wrestling is not the straightforward athletic contest it purports to be.

Fed Reserve chairman brought nothing to debate

Posted on: 18 July 2013

Bernanke made clear he would wind down the asset purchase programme if the economy improved and that he wouldn't if it didn't...

Is Mark Carney a dove in hawk’s clothing?

Posted on: 17 July 2013

Researchers have discovered a new dinosaur. Well, it's not exactly a new one; the fossilised remains are 75m years old and palaeontologists at Utah's natural history museum kept the discovery secret for seven years while they worked up a decent portfolio of computer-generated pictures.

Could the inflation numbers send sterling higher?

Posted on: 16 July 2013

Currency movements were small yesterday, except for the South African rand, which enjoyed a second day of recovery and the Australian dollar, which retraced some of the previous two days' losses.

Chinese growth no worse than expected

Posted on: 15 July 2013

The fear of a failing Chinese economy was there in investors' minds this morning. They did not appreciate the reminder that the world's second biggest economy is starting to display the same cyclicality as the developed world.

From dysphoria to delirium in seven weeks

Posted on: 12 July 2013

Armed with the scary knowledge that the Fed's free money was on days-to-do, investors became insufferably pessimistic. They sold equities and quickly began to switch their cash out of "risky" currencies into the "safe" US dollar.

Sterling left behind in dollar exodus

Posted on: 11 July 2013

The latest Transparency International survey shows 55% of Britons think parliament is corrupt and 66% believe political parties are taking bribes. The equivalent readings from Afghanistan are 40% and 36%.

A shout of Fire! in sterling’s theatre

Posted on: 10 July 2013

The Daily Mail helpfully points out a few ways for its less well-off readers to improve their financial situation. It headlines the article "The 10 devious new scams you've never heard of" (try to ignore the dodgy syntax).