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Moneycorp LogoDaily brief: Moneycorp

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).

No surprises in yesterday’s economic stats

Posted on: 9 July 2013

Few surprises to be found in Monday's meagre crop of economic statistics. Hard on the heels of Switzerland's unchanged 3.2% unemployment rate the country reported quarterly and annual increases in industrial production of 3.0% and 0.6%.

Sporting success no benefit for sterling

Posted on: 8 July 2013

Friday lunchtime could not have been hotter for the world's investors when they saw the US non-farm payrolls numbers for June...

Carney and Draghi singing from same song sheet

Posted on: 5 July 2013

It is the first Friday in the month and normally the most important one for traders with the release of the Non-Farm payroll data in the US.

Will The Famous International Dove speak?

Posted on: 4 July 2013

Events this week offered a brilliant portrayal of the fluidity of international politics. First, Edward Snowden revealed that America does not just spy on "enemies" such as North Korea and Jersey. It also eavesdrops on "friends" like Saudi Arabia and France.