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Moneycorp LogoDaily brief: Moneycorp

Here comes the Fed

Posted on: 18 September 2013

Yet the spectre of the likely future Federal Reserve chairperson looms large today, ahead of this evening's potentially epochal monetary policy decision.

High CPI, higher pound; low CPI, lower pound

Posted on: 17 September 2013

The Swiss franc strengthened by eight ticks against sterling, a difference invisible to the naked eye. Sterling and the Swissy were just two of the currencies to see net moves of a dozen ticks or less on Monday.

Dollar falls on retail sales and Fed chairmanship

Posted on: 16 September 2013

A growing number of voices is expressing concern that the pound's recent climb poses a risk to the economy...

UK unemployment; one tick down, seven to go?

Posted on: 12 September 2013

Try to imagine a Britain with an unemployment rate under 7%. That is what investors were doing yesterday morning...

Unemployment down; sterling up

Posted on: 11 September 2013

Every three years the Bank for International Settlements - the central banks' central bank - carries out a survey of foreign exchange activity across the world...

Has the Aussie bottomed out?

Posted on: 10 September 2013

Yesterday saw Greek consumer prices fell -1.3% in the year to August and industrial production there was down by -8.1% on the year.

UK and US data disappoint investors

Posted on: 9 September 2013

In Friday's figures, payrolls rose by a provisional 169k in August, a figure some way short of the 180k increase that investors had been looking for...

No surprise from the BoE’s MPC or the ECB

Posted on: 6 September 2013

Bank of England Governor Mark Carney presided over yet another no change interest rate and quantitative easing policy decision yesterday.

Central bank policy and G20 tensions in focus

Posted on: 5 September 2013

The G20 summit commences today in St Petersburg; the conclave of developed and developing countries can often be an event to ignore for the currency markets.

Yet more positive news from the UK

Posted on: 4 September 2013

It was the turn of the Services Sector this morning to show their hand as to how healthy their activity levels had been during the month of August.

Good news for GBP

Posted on: 3 September 2013

Following on from yesterday’s sterling performance from the UK’s Manufacturing sector which saw activity levels expand the most since February 2011, this morning it was the turn of the Construction Sector to deliver their August PMI reading.

An upbeat start to September

Posted on: 2 September 2013

After a subdued week for the Pound the positive news returns and we start off September with a two month high against the Euro.

Quiet end to quiet week?

Posted on: 30 August 2013

After all the ups and down of the last few days yesterday was a bit on the quiet side. The main release of the day was the US GDP numbers which came out on the strong side at 2.5% on an annual basis.

Sterling buoyed despite Carney’s insistence interest rates will remain low

Posted on: 29 August 2013

Twerking, the raunchy dance move performed by Miley Cyrus at the MTV VMAs is among the new words added to the Oxford English Dictionary.

Strike against Syria could disrupt markets

Posted on: 28 August 2013

There were signs yesterday that any move against the Assad regime would be messy and possibly risk a wider conflagration.