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Moneycorp LogoDaily brief: Moneycorp

Asymmetric GDP risk to sterling

Posted on: 28 January 2014

Other than the passage of time there was nothing on Monday to dilute Friday's comment by the Bank of England governor that a strong pound was unhelpful to Britain's balance of trade.

GBP drops below USD and EUR

Posted on: 27 January 2014

Buried within Mark Carney's speech in Davos last Friday was the apparently innocuous phrase; "the appreciation of sterling will hold back the expansion of net exports"...

Another day, another fixture for sterling not to lose

Posted on: 22 January 2014

Warren Buffet, one of the world's wealthiest men, is offering a $1bn prize to whomever correctly predicts the outcome of every game in this year's NCAA basketball championship.

Sterling’s haircut

Posted on: 17 January 2014

The only haircuts sterling received on Thursday were its losses of three quarters of a Swiss cent and three quarters of a Japanese yen, both equivalent to -0.5%.

Aussie lower on job losses

Posted on: 16 January 2014

Wednesday's economic statistics brought little to the table. Spanish consumer prices were up by 0.3% on the year, Swiss retail sales by a respectable 4.2% and American factory gate prices by 1.2%.

On-target inflation no problem for sterling

Posted on: 15 January 2014

At the rear of the field was the Australian dollar, losing by a neck to the Japanese yen. The Aussie's problem, which also affected the Canadian and NZ dollars to a lesser extent, was comments by two Federal Reserve chiefs.

Investors nervous about UK ecostats

Posted on: 14 January 2014

With Scottish independence only a referendum away there has been uncertainty about the fate of that part of Britain's national debt attributable to Scotland.

North American employment data disappoint

Posted on: 13 January 2014

Friday's UK manufacturing and industrial production figures both showed zero growth in November. Investors had been led to expect increases of 0.4% for both measures and expressed their disappointment by selling the pound.

Investors backing winners

Posted on: 10 January 2014

Right now, sterling is a winner. Over the last one, two, three and six months the pound has been unbeaten by any of the other dozen most actively-traded currencies.

Low inflation and high unemployment; decision time for the ECB

Posted on: 9 January 2014

In the virtual currency world the bitcoin has won most media attention in the last twelve months but it isn't the only cryptocurrency out there. At the last count there were nearly 50 of them.

Taper paper; dollar shaper?

Posted on: 8 January 2014

The Electoral Commission recommends, in order to reduce electoral fraud, that voters should produce a photo ID when casting their ballot. There have been the inevitable objections from the usual suspects.

Moving the monetary goalposts?

Posted on: 7 January 2014

The only currency taking a haircut on Monday was the Canadian dollar, and even that was not an aggressive one; the Loonie lost less than a cent and a half to sterling.

Tomorrow is another day

Posted on: 6 January 2014

It looks at the moment as though Leonard Cohen is doing the PR for sterling. The pound is not getting anything like the same enthusiastic support in January that it received in December.

New year FX fireworks

Posted on: 3 January 2014

As part of the coalition's efficiency drive the Environment Agency is reducing its staffing levels by 1,450 this year. The media cunningly link the story to our dismal weather, with headlines such as "flood experts face lay-offs", "homes left exposed", and "cuts could impact managing floods".

Excelsior!

Posted on: 2 January 2014

The minister of transport believes overcrowding on commuter trains would be eased if underused first class compartments were scrapped...