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Moneycorp LogoDaily brief: Moneycorp

Quiet end to quiet week?

Posted on: 30 August 2013

After all the ups and down of the last few days yesterday was a bit on the quiet side. The main release of the day was the US GDP numbers which came out on the strong side at 2.5% on an annual basis.

Sterling buoyed despite Carney’s insistence interest rates will remain low

Posted on: 29 August 2013

Twerking, the raunchy dance move performed by Miley Cyrus at the MTV VMAs is among the new words added to the Oxford English Dictionary.

Strike against Syria could disrupt markets

Posted on: 28 August 2013

There were signs yesterday that any move against the Assad regime would be messy and possibly risk a wider conflagration.

Short week taking us to month-end

Posted on: 27 August 2013

A Bank Holiday in the UK, not so elsewhere in the world, meant that the markets were open though in reality the economic calendar was particularly light.

Market ready for weekend

Posted on: 23 August 2013

The foreign exchange market was not entirely comatose on Thursday but very little has happened since yesterday afternoon...

FOMC minutes? Oh, them…

Posted on: 22 August 2013

Researchers have discovered that supporters of losing football teams suffer psychologically from each defeat while fans of the winning side get a boost.

Another Greek bailout? Pfah! It’s the minutes that matter.

Posted on: 21 August 2013

For more than two centuries, prisoners in Britain have benefitted from the work of Elizabeth Fry and her spiritual successors.

Aussie and Kiwi sunk by friendly fire

Posted on: 20 August 2013

Since the beginning of May the Australian dollar has lost 14% of its sterling value. That is almost as much as the Indian rupee, which has fallen to record lows since the US central bank revealed that its monetary stimulus would not go on forever.

Sterling bears? What sterling bears?

Posted on: 19 August 2013

Investors' attitude towards the British pound used to be rare and buyers got burnt. On Friday, however, the bears had a golden opportunity to sell sterling and they passed it by...

No fresh good news for sterling today

Posted on: 16 August 2013

Can it be a coincidence that figures last week showed Euroland retail sales falling by -0.5% in June and by -0.9% on the year while UK numbers for the same month revealed a 0.2% monthly increase with sales up by 1.9% on the year?

Two out of three for sterling

Posted on: 15 August 2013

Hard on the heels of yesterday's feigned outrage at the prospect of a new UK house price bubble, today's papers report the horrified astonishment of some that Google's email service does not guarantee watertight privacy.

No inflation inspiration; more inaction from unemployment?

Posted on: 14 August 2013

It will be no surprise to hear that not everyone is overjoyed about Britain's economy being on the mend.

UK inflation is back on the map

Posted on: 13 August 2013

The Japanese currency, which weakened by one yen or 0.7%, was the yesterday's biggest mover. For the rest, the antipodean dollars had to give back some of last week's windfall gains...

Japanese GDP grows by 0.6% in Q2

Posted on: 12 August 2013

Since last Thursday morning, sterling has moved just one fifth of a Japanese yen, seven hundredths of a euro cent and three fiftieths of a US cent...

British consumers happy with bank rate

Posted on: 9 August 2013

British consumers will have been relieved to hear on Wednesday that the Bank of England intends to keep its benchmark Bank Rate at a record low 0.5% for the foreseeable future.