• Facebook
  • Twitter
  • LinkedIn
  • Google +
  • RSS feed

Moneycorp LogoDaily brief: Moneycorp

Stop early for Christmas?

Posted on: 2 December 2013

Figures from the Bank of England on Friday showed money supply increasing by 2.4% in the year to October.

Happy Thanksgiving!

Posted on: 28 November 2013

In Britain the harvest festival is a typically understated affair, which involves decorating the church with out-of-date tins of luncheon meat and the odd stick of rhubarb.

“The strongest major advanced economy in the world”

Posted on: 27 November 2013

The Scottish Nationalist party launched its independence manifesto in a disused Glasgow warehouse yesterday. Its 670 pages list the potential advantages of an independent Scotland, including the sequestration of North Sea oil reserves and the addition of the prefix "Mac" to all surnames.

Iran accord boosts commodity currencies

Posted on: 26 November 2013

Investors anticipate increased competition in the market for crude oil, following the West's nuclear accord with Iran. The krone was not a big loser though; it was not far behind the British pound and the Swiss franc.

Technical picture threatens sterling

Posted on: 25 November 2013

Friday's crop of Euroland ecostats brought an improvement in German business confidence and a fall in Italian retail sales, which were down by -2.8% on the year.

The little pound that could

Posted on: 22 November 2013

Some people have extractor fans in the kitchen to remove cooking smells. Others have candles in the living room to replicate them. At least they will, if a firm called Kentucky for Kentucky has got its marketing right.

A negative ECB deposit rate maybe?

Posted on: 21 November 2013

Bloomberg reported yesterday that the European Central Bank is considering a reduction to -0.1% of the rate it pays for commercial banks' deposits.

Low US interest rates for longer

Posted on: 20 November 2013

Countryside pursuits tend to be gentler and safer than their metropolitan equivalents. Jam-making competitions and sheepdog trials seem intrinsically less dangerous than gangland fights and drug-lord trials.

The future is here but it looks expensive

Posted on: 19 November 2013

the bitcoin is by far the strongest-performing currency of 2013. A year ago one bitcoin was worth $12. Six months ago it was worth $120. Today it is worth $690. Or $701. Or $823. Or almost any value you care to give it...

QE prospect undermines dollar and yen

Posted on: 18 November 2013

Inflation was the warm topic on Friday morning when investors received confirmation that consumer prices in Euroland went up by just 0.7% in the year to October.

Sterling dodges two bullets

Posted on: 15 November 2013

During the decade to 2007, with the Bank of England's sterling index steady at roughly 100, Britain's quarterly trade deficit ballooned from £2bn to £9bn...

One down, one up and one to go

Posted on: 14 November 2013

Tuesday's unexpectedly low print for inflation reinforced the fear that it was not going to be sterling's week...

Second of three critical days for sterling

Posted on: 13 November 2013

Figures yesterday put consumer price index (CPI) inflation at 2.2% in October. It was a lower reading than the 2.5% investors had been expecting and within spitting distance of the 2% the Bank is supposed to achieve.

First of three critical days for sterling

Posted on: 12 November 2013

Fed up with overcrowding on the London Underground? Can't get a seat on the way to work? Can't even get on the train because it is jam-packed? Worry not.

Employment unruffled by US government shutdown

Posted on: 11 November 2013

Some economists insist that quantitative easing - printing money - is a terrific way to reinvigorate an economy.