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Moneycorp LogoDaily brief: Moneycorp

Anything positive would be welcome

Posted on: 25 April 2013

Following the raucous popularity of the vuvuzela during the soccer world cup in South Africa, the authorities in Brazil were worried that their own football festival in 2014 would be too quiet.

Euro dented by weaker German ecostats

Posted on: 24 April 2013

Over five years the House of Commons paid out more than £40k to employees in compensation for mishaps in the workplace. That works out to £22 per employee.

Buoyant sterling as Q1 GDP looms

Posted on: 23 April 2013

There is nothing out there to capture currency investors' imaginations at the moment. JPY was favourite this morning but in the last seven trading days has taken first place on four of them and last on three...

Britain loses a second triple-A rating

Posted on: 22 April 2013

On Friday Fitch Ratings joined Moody's in lowering its UK sovereign rating from AAA to AA+. The news was not wholly unexpected but still cost sterling half a euro cent and nearly one US cent.

Cyprus still simmering

Posted on: 19 April 2013

The attorney general of Cyprus insists parliament must give its approval to the bailout conditions handed down by the EU/IMF/ECB troika. That approval is by no means assured.

Higher unemployment rattles sterling

Posted on: 18 April 2013

Sterling was already looking shaky when the employment data came out and it quickly fell a further half-cent against the euro.

IMF less optimistic for global growth

Posted on: 17 April 2013

Having been advised by his chiropractor not to carry a wallet (?) Wayne Klinkel of Denver, Colorado, took to leaving his cash in the car.

Currencies twitchy as commodity and equity prices fall

Posted on: 16 April 2013

A secondary market is a sine qua non for equities and bonds: investors would not buy them if they were obliged to hold them to maturity.

Slower growth in China spooks Far East investors

Posted on: 15 April 2013

The Japanese currency was the top performer by a mile on Friday, strengthening by 2% against the euro and the pound and by 1.5% against the US dollar.

Cyprus must dig deeper

Posted on: 12 April 2013

Five years ago a research paper hypothesised a new currency, one which would create itself and exist in a peer-to-peer cloud outside the influence of politicians and central banks...

Where’s a North Korean rocket when you need one?

Posted on: 11 April 2013

Researchers have discovered that "couples who communicate using Facebook could be putting a strain on their relationship". The ground-breaking discovery was made by Dr Bernie Hogan at the Oxford Internet Institute.

No triple-dip hip hooray!

Posted on: 10 April 2013

Anyone who doubts that local authorities are still wasting ratepayers' money on incompetents in pointless jobs need look no further than Kent's police. A week ago, to much media fanfare, they hired a 13-year-old crime commissioner on a £15k salary.

Yen continues south

Posted on: 9 April 2013

As the yen weakens, so the antipodean dollars move higher. With the BoJ intent on diluting its currency, investors in Japan and elsewhere are hurrying to move their money out of the yen.

North American employment stumbles

Posted on: 8 April 2013

Investors had been expecting an increase of around 191k for March and their disappointment was not alleviated by the 61k upward adjustment to the figures for January and February.

“Cyprus is no template”

Posted on: 5 April 2013

Things should be less hectic for the euro today but there are a couple of important ecostats; German factory orders and Euroland retail sales...