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Daily brief: Moneycorp
Posted on: 25 June 2014
The likely explanation for the pound's decline on Tuesday was the revised steer on interest rates provided by the Bank of England governor.
Posted on: 24 June 2014
For the major currencies, no massaging of the rate would have been necessary for the US, Australian and NZ dollars, the euro, the Swiss franc, the Japanese yen and the British pound.
Posted on: 23 June 2014
The Loonie delivered a flawless performance at the end of last week, with inflation rising to 2.3% and retail sales going up by 1.1% in May.
Posted on: 20 June 2014
Researchers have made the startling discovery that the pricing at motorway service stations tends to be on the high side. A survey by the Consumers' Association found one roadside establishment charging 75p for a banana and another asking £1.59 for a bottle of water.
Posted on: 19 June 2014
A film called United Passions was launched at last month's Cannes festival. It tells the history of FIFA, football's international administrative body.
Posted on: 18 June 2014
The United States also won yesterday's inflation match, beating the United Kingdom 2.1% - 1.5%. America's score was an improvement on the previous month's 2% while Britain's was down from 1.8%.
Posted on: 17 June 2014
Sterling washed its face on Monday with no ill effect, remaining unchanged on average against the other major currencies.
Posted on: 16 June 2014
There is nothing cheapskate about sterling. Compared with its position a week ago the pound is stronger by an average of 1% against the other dozen most actively-traded currencies.
Posted on: 13 June 2014
In a speech to the Lord Mayor of London's annual Mansion House Dinner the governor of the Bank of England touched on the subject of interest rates and when they might begin to go up.
Posted on: 12 June 2014
The mayor of London intends to buy three superannuated German water cannon for riot control. Inevitably there are objections from the health and safety and human rights factions.
Posted on: 11 June 2014
Two thousand years ago the Roman poet Horace wrote; "If possible honestly, if not somehow, make money". He would have been impressed by yesterday's massive increase in speeding fines.
Posted on: 10 June 2014
The authorities' approach to fining British motorists seems to be that if money is in short supply, simply have to generate more of it. It is the same economic logic that drove the quantitative easing programmes implemented by central banks in Japan, Britain and the States: if there is not enough money to go round you just print it until there is.
Posted on: 9 June 2014
According to René Descartes, there is no such thing as reality; perception is all that matters. That was absolutely the case on Friday with the US employment report...
Posted on: 6 June 2014
On Thursday morning the financial world was on the edge of its seat in breathless anticipation of an 'historical' announcement by the European Central Bank...
Posted on: 5 June 2014
It is no problem remembering what exchange rates looked like on Wednesday morning; most of them looked very much as they do today.