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Moneycorp LogoDaily brief: Moneycorp

Can UK production deliver today?

Posted on: 9 October 2013

For those in whom mainstream hobbies such as vacuum-cleaner-collecting or bus-spotting generate unbearable levels of adrenaline, a gentler pursuit is available.

UK property market strongest for 11 years…

Posted on: 8 October 2013

Last night the Royal Institute of Chartered Surveyors reported that its house price balance had risen from 41% to 54%, its highest level for 11 years. The news has done no harm to sterling though...

A miss is as good as a mile for sterling

Posted on: 4 October 2013

Critics could describe US politicians as a tax on the stupidity of the American electorate. Since the government shutdown three days ago they have made no serious effort to reach an agreement on the spending bill...

The best man’s apologised and we’ve found some more prosecco

Posted on: 3 October 2013

Shutting down the US government involves, inter alia, closing America's national parks. One of them is the Grand Canyon National Park, which covers 5,000 sq km.

La-la-la-la-la-la-la… La-la-la-la-la…

Posted on: 2 October 2013

A couple of this morning's papers cover a report by Pricewaterhousecoopers, an accountancy firm, about counterfeit goods.

US government shuts down; nobody notices

Posted on: 1 October 2013

Well they've done it. For the first time since the 1990s the US federal government has been shut down by warring politicians.

Berlusconi and US Congress send sterling higher

Posted on: 30 September 2013

Earlier this year the EU said it would need €7.3bn more to pay its bills in 2013. Last week it announced it wanted another €3.9bn...

No more QE, says governor

Posted on: 27 September 2013

Investors are mostly distrustful of the "activist" Republicans in Congress who want to prevent the US government borrowing money to pay for expenditure they have already approved...

British retail sales up; British pound up

Posted on: 26 September 2013

It isn't the story, it's how you tell it. One article in today's Daily Mail alleges that teenagers are "stupid" and another argues that "older people... make better decisions".

A piteousness of doves

Posted on: 25 September 2013

On both sides of the Atlantic central bankers have been reassuring financial markets that interest rates will remain at very low levels for a very long time.

Currency investors remain uninspired

Posted on: 24 September 2013

The best-performing currency since Friday morning has been the Japanese yen and it has strengthened by less than one yen, 0.6%. Monday's movements were just as small as Friday's had been.

UK public sector borrowing down but no cigar for sterling

Posted on: 23 September 2013

The chickens were out in force on Friday. They shied away from most opportunities to interact with currencies, leaving the majority of them unchanged against one another.

Public sector borrowing takes on new importance for sterling

Posted on: 20 September 2013

In her book "Unbelievable! The Bizarre World of Coincidences", published yesterday, Jenny Crompton examines unbelievably bizarre coincidences from around the world...

Ben has left the building

Posted on: 19 September 2013

51.7% of statistics are made up. And at least that proportion of investors must have misinterpreted the intention of the Federal Open Market Committee with regard to the wind-down of its quantitative easing programme...

Here comes the Fed

Posted on: 18 September 2013

Yet the spectre of the likely future Federal Reserve chairperson looms large today, ahead of this evening's potentially epochal monetary policy decision.