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Daily brief: Moneycorp
Posted on: 30 July 2013
The antipodean dollars were the biggest movers over the last 24 hours, the Aussie leading the way.
Posted on: 29 July 2013
Even the most obsessive investor would be pushed to distinguish this morning's exchange rates from those that obtained when London opened last Friday.
Posted on: 26 July 2013
Happiness equals reality minus expectation. In financial markets the effects of this phenomenon are to be found everywhere, no more so than in the aftermath of Thursday's UK gross domestic product figures.
Posted on: 25 July 2013
"Wonga" is one of a handful of firms providing small-ticket retail loans to people whom the banks and loan sharks won't touch. For the privilege, its clientele pays elevated rates of interest that can exceed 4000%.
Posted on: 24 July 2013
"Greengrocer prosecuted for selling Apple's at 90p/lb".
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.
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.
Posted on: 19 July 2013
For years there have been allegations that professional wrestling is not the straightforward athletic contest it purports to be.
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...
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.
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.
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.
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.
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%.
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).
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