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Moneycorp LogoDaily brief: Moneycorp

Low US interest rates for longer

Posted on: 20 November 2013

Countryside pursuits tend to be gentler and safer than their metropolitan equivalents. Jam-making competitions and sheepdog trials seem intrinsically less dangerous than gangland fights and drug-lord trials.

The future is here but it looks expensive

Posted on: 19 November 2013

the bitcoin is by far the strongest-performing currency of 2013. A year ago one bitcoin was worth $12. Six months ago it was worth $120. Today it is worth $690. Or $701. Or $823. Or almost any value you care to give it...

QE prospect undermines dollar and yen

Posted on: 18 November 2013

Inflation was the warm topic on Friday morning when investors received confirmation that consumer prices in Euroland went up by just 0.7% in the year to October.

Sterling dodges two bullets

Posted on: 15 November 2013

During the decade to 2007, with the Bank of England's sterling index steady at roughly 100, Britain's quarterly trade deficit ballooned from £2bn to £9bn...

One down, one up and one to go

Posted on: 14 November 2013

Tuesday's unexpectedly low print for inflation reinforced the fear that it was not going to be sterling's week...

Second of three critical days for sterling

Posted on: 13 November 2013

Figures yesterday put consumer price index (CPI) inflation at 2.2% in October. It was a lower reading than the 2.5% investors had been expecting and within spitting distance of the 2% the Bank is supposed to achieve.

First of three critical days for sterling

Posted on: 12 November 2013

Fed up with overcrowding on the London Underground? Can't get a seat on the way to work? Can't even get on the train because it is jam-packed? Worry not.

Employment unruffled by US government shutdown

Posted on: 11 November 2013

Some economists insist that quantitative easing - printing money - is a terrific way to reinvigorate an economy.

Euro rate cut

Posted on: 8 November 2013

News of the single currency rate cut was revealed to the world at 12:45, whereupon the euro dropped a cent and a half against the US dollar and sterling-euro jumped a cent and a quarter higher.

No “official” expectation of a euro rate cut but…

Posted on: 7 November 2013

They said on the television this morning that the Russian Olympic torch is going up in a rocket and the cosmonauts will take it for a space walk. How's that going to work then? Surely it won't burn in a vacuum?

Great Britain, Proud Pound

Posted on: 6 November 2013

Yonas Kebede, a 21-year-old Ethiopian, thinks Britain is a wonderful place.

Euroland “growth” forecast this morning

Posted on: 5 November 2013

Easier to quantify than Brits' appetite for ballet is the enthusiasm of investors for buying and selling currencies...

What next for the euro?

Posted on: 4 November 2013

Having clobbered the euro on Thursday after they saw the dramatic fall in Euroland inflation, investors left it to lick its wounds on Friday.

Strikers strike and prices plunge

Posted on: 1 November 2013

Strikers in France have an irritating habit of blockading Channel ports, either mooring their fishing boats around the entrance or parking all their little tractors across the exits.

All things to all men

Posted on: 31 October 2013

Lot number 54 in Allsop's auction today is a mezzanine lavatory over a London sandwich shop.