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Moneycorp LogoDaily brief: Moneycorp

$1.40 beckons the euro

Posted on: 9 May 2014

The Independent has dusted off a story from last July about an opinion poll for the Royal Statistical Society. Headlined "British public wrong about nearly everything" it lists ten things that people think they know about but don't, including immigration, pensions, crime and teenage parents.

RBNZ threatens to intervene but…

Posted on: 7 May 2014

In 1999 a couple in Northwich decided to brighten up the grassy area in front of their house by planting flowers and shrubs.

Mostly nothing

Posted on: 6 May 2014

What a shame it was that investors had no regard for Friday's stunning US employment data. Nonfarm payrolls increased by 288k in April, 78k more than analysts had predicted.

Waiting for the payrolls

Posted on: 2 May 2014

Jon Cunliffe, a Bank of England deputy governor and member of the Financial Policy Committee, drew attention last night to the threat posed by soaring house prices.

A mile is as good as a miss

Posted on: 1 May 2014

In 1457 King James banned golf because it distracted the middle-classes from archery practice. Four centuries later the Scottish organisers decided to standardise the size of the hole on the green at 4.25 inches, and so it remained until now.

Luxury pound survives GDP scare

Posted on: 30 April 2014

Researchers have discovered that rude and condescending shop assistants are more effective than their polite and deferential colleagues when it comes to shifting upscale goods.

Faster growth expected

Posted on: 29 April 2014

Whilst Denmark pegs its krone firmly to the euro the Swedes, like the Brits, prefer their currency free-range. It means the krona reacts to domestic economic data in a way the krone never will.

Any inspiration would do

Posted on: 28 April 2014

There was justice of a sort for sterling on Friday. The UK retail sales figures for March were healthier than forecast but British Banking Association members made fewer home loans than expected during the month.

Committed unanimously

Posted on: 25 April 2014

During a speech in Amsterdam yesterday the European Central Bank president set out his stall for a programme of quantitative easing to fend off deflation in Euroland.

Supply and demand

Posted on: 24 April 2014

Economics 101, a real-world example: The number of new homes sold in the United States during March was down by 13.3% from the same month last year.

Australian inflation not high enough

Posted on: 23 April 2014

A TV presenter observed this morning there are more mobile phones than toothbrushes. This axiom has been around at least since 2010, when a conference speaker said in Singapore "4.2bn out of 6bn people in the world own toothbrushes, 4.5bn own mobile phones".

Steady start theory

Posted on: 22 April 2014

Anyone fortunate enough to have enjoyed one or the other of those over the Easter break may, depending where they went, have noticed how their spending power has improved since Easter last year.

Carney mops brow as unemployment falls through 7%

Posted on: 17 April 2014

"A fifth of us have never seen a hedgehog in the garden" says the Daily Mail. The statistic comes from a survey of Britain's wildlife by the RSPB.

Schrödinger’s rally

Posted on: 16 April 2014

A quantum computer depends on the principle of superposition. Instead of its logic gates showing either a 0 or a 1 at any given time, they can represent both 0 and 1 simultaneously.

CPI angst for sterling

Posted on: 15 April 2014

There is a rumour that somebody saw an exchange rate move yesterday afternoon but was unable to capture a screen print...