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Moneycorp LogoDaily brief: Moneycorp

Could the inflation numbers send sterling higher?

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.

Chinese growth no worse than expected

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.

From dysphoria to delirium in seven weeks

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.

Sterling left behind in dollar exodus

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%.

A shout of Fire! in sterling’s theatre

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).

No surprises in yesterday’s economic stats

Posted on: 9 July 2013

Few surprises to be found in Monday's meagre crop of economic statistics. Hard on the heels of Switzerland's unchanged 3.2% unemployment rate the country reported quarterly and annual increases in industrial production of 3.0% and 0.6%.

Sporting success no benefit for sterling

Posted on: 8 July 2013

Friday lunchtime could not have been hotter for the world's investors when they saw the US non-farm payrolls numbers for June...

Carney and Draghi singing from same song sheet

Posted on: 5 July 2013

It is the first Friday in the month and normally the most important one for traders with the release of the Non-Farm payroll data in the US.

Will The Famous International Dove speak?

Posted on: 4 July 2013

Events this week offered a brilliant portrayal of the fluidity of international politics. First, Edward Snowden revealed that America does not just spy on "enemies" such as North Korea and Jersey. It also eavesdrops on "friends" like Saudi Arabia and France.

All eyes on Mark Carney

Posted on: 2 July 2013

The blithe assumption is that Mr Carney is devoted to the Bank's Asset Purchase Programme and other unspecified forms of non-standard stimulus.

Major currencies going nowhere

Posted on: 1 July 2013

The Swedish krona and the South African rand both strengthened by around 1% on Friday, and the Australian dollar lost a cent to the pound - for the other currencies, movement was limited.

Markets back to normal

Posted on: 28 June 2013

Services in the financial market have almost returned to normal following a fusillade of expectations-management from the Federal Reserve and other central bankers.

What was that all about?

Posted on: 27 June 2013

For reasons which are immediately obvious, lawn tennis is traditionally played on grass, of the green and growing variety which consists of 75% water.

Central bankers’ fail to spin the general opinion

Posted on: 26 June 2013

A Downing Street coup has ousted Charles Darwin as the face of the ten-pound note, replacing him with the novelist Jane Austen. In the government's opinion Darwin was of the type that doesn't deserve such recognition.

Market tones down agression

Posted on: 25 June 2013

The market toned down its porcine aggression on Monday, allowing the US 10-year yield to relax to 2.55%.