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Moneycorp LogoDaily brief: Moneycorp

Market ready for weekend

Posted on: 23 August 2013

The foreign exchange market was not entirely comatose on Thursday but very little has happened since yesterday afternoon...

FOMC minutes? Oh, them…

Posted on: 22 August 2013

Researchers have discovered that supporters of losing football teams suffer psychologically from each defeat while fans of the winning side get a boost.

Another Greek bailout? Pfah! It’s the minutes that matter.

Posted on: 21 August 2013

For more than two centuries, prisoners in Britain have benefitted from the work of Elizabeth Fry and her spiritual successors.

Aussie and Kiwi sunk by friendly fire

Posted on: 20 August 2013

Since the beginning of May the Australian dollar has lost 14% of its sterling value. That is almost as much as the Indian rupee, which has fallen to record lows since the US central bank revealed that its monetary stimulus would not go on forever.

Sterling bears? What sterling bears?

Posted on: 19 August 2013

Investors' attitude towards the British pound used to be rare and buyers got burnt. On Friday, however, the bears had a golden opportunity to sell sterling and they passed it by...

No fresh good news for sterling today

Posted on: 16 August 2013

Can it be a coincidence that figures last week showed Euroland retail sales falling by -0.5% in June and by -0.9% on the year while UK numbers for the same month revealed a 0.2% monthly increase with sales up by 1.9% on the year?

Two out of three for sterling

Posted on: 15 August 2013

Hard on the heels of yesterday's feigned outrage at the prospect of a new UK house price bubble, today's papers report the horrified astonishment of some that Google's email service does not guarantee watertight privacy.

No inflation inspiration; more inaction from unemployment?

Posted on: 14 August 2013

It will be no surprise to hear that not everyone is overjoyed about Britain's economy being on the mend.

UK inflation is back on the map

Posted on: 13 August 2013

The Japanese currency, which weakened by one yen or 0.7%, was the yesterday's biggest mover. For the rest, the antipodean dollars had to give back some of last week's windfall gains...

Japanese GDP grows by 0.6% in Q2

Posted on: 12 August 2013

Since last Thursday morning, sterling has moved just one fifth of a Japanese yen, seven hundredths of a euro cent and three fiftieths of a US cent...

British consumers happy with bank rate

Posted on: 9 August 2013

British consumers will have been relieved to hear on Wednesday that the Bank of England intends to keep its benchmark Bank Rate at a record low 0.5% for the foreseeable future.

The dawg that didn’t bark

Posted on: 8 August 2013

Two quasi-scientific reports vie for column inches in today's papers. "Dementia risk increased by high blood-sugar levels" is one of the headlines; "Drinking hot chocolate could prevent dementia" is another.

UK data continues to impress; Carney to deliver Inflation Report today

Posted on: 7 August 2013

With such a plethora of great news for the UK, the pound surged higher against all and sundry, right? Wrong.

Ah, but you can’t go by just one month’s data

Posted on: 6 August 2013

The purchasing managers' indices for U.S. manufacturing and services were both in better shape last month than they have been for some time.

Sterling higher; investors nonplussed

Posted on: 5 August 2013

The world is convinced that Mark Carney will deliver the "forward guidance" that is expected of him on Wednesday.