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Moneycorp LogoDaily brief: Moneycorp

Winter Statement

Posted on: 3 December 2014

Less than a month after cracking down on the degenerate Paddington Bear, the British Board of Film Censors has identified a new target for its moral crusade.

Ruble rubble

Posted on: 2 December 2014

The currency has been under pressure since Russian mercenaries took over Ukraine's Crimea peninsula. In the first nine months of the year the ruble fell by -15% against the US dollar.

Euroland prices in the spotlight

Posted on: 28 November 2014

The Norwegian currency touched five-year lows against sterling and the euro yesterday. It came under renewed pressure after OPEC failed to reduce production in response to a four-year low for oil prices.

Happy Thanksgiving

Posted on: 27 November 2014

Until recently the major worry of professional pessimists was that Britain's recovery was based on rising house prices. Following yesterday's GDP data they are now apparently worried that it is based on spending.

Plenty of data

Posted on: 26 November 2014

Economists at Banc Ceannais na h√Čireann compared a year's worth of monetary policy committee minutes from 24 central banks.

Usual suspicions

Posted on: 25 November 2014

As time goes by it becomes no clearer whether the European Central Bank president is the conductor of his governing council, the soloist who inspires their support or the security guy hired to keep them in line.

Bare bears and gnomic gold

Posted on: 21 November 2014

From last Friday's opening levels the pound is down by an average of only -0.3%, a fifth of the previous week's loss. But it had another losing day yesterday, falling by an average of -0.2% against the other dozen most actively-traded currencies.

Minutes coun

Posted on: 20 November 2014

For the first time in a week sterling was not among the laggards. It was the top performer, strengthening by an average of 0.7% against the other dozen most actively-traded currencies.

Central bank minutes

Posted on: 19 November 2014

The British Board of Film Censors has rated a film about Paddington Bear as unsuitable for young children. Surprisingly, the PG classification was awarded because of the film's depiction of sex and violence, not because it lionises an illegal immigrant.

Inflation matters

Posted on: 18 November 2014

Today's UK consumer price index data for October are forecast to show an incremental increase in inflation from the previous month.

Flashing lights

Posted on: 17 November 2014

"Red warning lights are once again flashing on the dashboard of the global economy". There is no shortage of doomsters out there capable of penning such a line but this one came from Britain's prime minister.

Euro zone growth

Posted on: 14 November 2014

The sterling bears were out again on Thursday. For a second day the pound took a drubbing, falling back against every other major currency.

UK rates on hold

Posted on: 13 November 2014

Today's pop quiz: Which of this morning's headlines is not a spoof? a) Spacecraft lands on tiny comet after 4bn-mile journey; b) Banks fined £2.7bn for price-fixing; c) FIFA investigation finds no truth in world cup bribery allegations; d) Sterling slumps after Bank of England downgrades economic forecasts.

Spotlight on sterling

Posted on: 12 November 2014

As everyone knows, Christmas comes earlier every year. The Royal Statistical Society has proved it with the assistance of big data: In 2012 it apparently kicked off on 19 August, when internet searches for Santa-related topics ramped higher.

Try to stay awake

Posted on: 11 November 2014

After a fairly busy week investors were not in a mood for excitement yesterday. Their insouciance was fed by an almost complete lack of European and North American economic statistics.