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Moneycorp LogoDaily brief: Moneycorp

Sterling ends the week on the back foot

Posted on: 11 August 2014

Sterling’s slide last week could not be considered a tropical battering but rather a continual drizzle with any disappointing economic data releases chipping away the confidence of British pound buyers.

Geopolitical risks back in play

Posted on: 8 August 2014

There were no surprises from either the Bank of England or the ECB yesterday as both kept rates unchanged...

Is sterling too expensive for first-time buyers?

Posted on: 7 August 2014

The Halifax house price index which came out as London opened on Wednesday, showed monthly and annual increases of 1.4% and 10.2%.

Lucky escape for sterling

Posted on: 6 August 2014

A moron on a Qatar Airways flight to Manchester yesterday handed the crew a note saying there was a bomb on the plane.

Best of three for UK PMIs

Posted on: 5 August 2014

The chap in charge of stability at the Bank of England is leaving after only few weeks in the position.

Sterling left behind

Posted on: 4 August 2014

It has been raining in Lisboa, where the central bank has drained its Resolution Fund to rescue Banco Espirito Santo from bankruptcy. But no contribution will be needed from taxpayers: this time, the euro zone is having a good crisis.

Payrolls and PMIs

Posted on: 1 August 2014

The Loonie had an exhilarating afternoon following news of a spirited 0.4% economic expansion for Canada in May.

Fed caution holds back buck

Posted on: 31 July 2014

Driverless cars have been allowed on Britain's roads for more than a century. From January, they will be allowed to move from one parking place to another without drivers too.

Watch out for the dollar

Posted on: 30 July 2014

EU leaders have at last agreed what can and cannot be sold to Russia under the new sanctions. Electrical pulse generators, flame throwers and symmetric algorithms all figure on the list of banned items but aircraft carriers are alright.

Major currencies mostly comatose

Posted on: 29 July 2014

Ten-tick moves were the order of the day for the euro, the franc, the yen, the pound and the US, Canadian and Australian dollars.

A big week for ecostats

Posted on: 28 July 2014

Palaeontologists at Edinburgh university reckon an unfortunate combination of circumstances including volcanoes, scarce food and a giant asteroid caused the extinction of dinosaurs 66m years ago.

Acceptable UK data is not enough for sterling

Posted on: 25 July 2014

A confession by the European Central Bank on Thursday revealed that hackers had "stolen... email addresses and contact information".

Sterling and Kiwi hurt by interest rate news

Posted on: 24 July 2014

One day the euro will fall out of bed. It could have been yesterday; Tuesday's attack had teed it up nicely for a full-blooded onslaught that could have sent the euro on its way to a four-and-a-half-cent drop against the US dollar.

Investors focus on inflation and interest rates

Posted on: 23 July 2014

The Aussie was Tuesday's joint leader alongside the South African rand. It managed two bites at the cherry, the first when US inflation came in slightly below forecast and the second when the Australian reading was higher than expected.

Inflation risk to US and Australian dollars

Posted on: 22 July 2014

On Monday investors did their best to get excited about the monthly fall in Rightmove's index of UK real estate asking prices, the declines in Italian industrial orders and sales and the microscopic slippage in the Chicago Federal Reserve's national activity index.