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Moneycorp LogoDaily brief: Moneycorp

PMI boost for sterling and US dollar

Posted on: 2 August 2013

Figures released on Thursday suggested that not everything in the UK economy is as rotten as it is made out to be...

BoE guidance; has the gloom and despondency been overdone?

Posted on: 1 August 2013

A couple of days ago Lord Howell of Guildford, the famous Guildford lord, created a stir among the twittering classes when he advocated concentrating the nation's gas fracking effort in the "desolate areas" of Northeast England.

All eyes on the US dollar this afternoon

Posted on: 31 July 2013

For ten years the people of St Neots in Huntingdonshire have been pushing for a cinema and food court to replace the bus shelter where the town's listless youth currently congregate for their recreation.

Aussie and Kiwi get a shove from their mates

Posted on: 30 July 2013

The antipodean dollars were the biggest movers over the last 24 hours, the Aussie leading the way.

Little movement today

Posted on: 29 July 2013

Even the most obsessive investor would be pushed to distinguish this morning's exchange rates from those that obtained when London opened last Friday.

Reality exceeding expectation

Posted on: 26 July 2013

Happiness equals reality minus expectation. In financial markets the effects of this phenomenon are to be found everywhere, no more so than in the aftermath of Thursday's UK gross domestic product figures.

Will 0.6% be enough?

Posted on: 25 July 2013

"Wonga" is one of a handful of firms providing small-ticket retail loans to people whom the banks and loan sharks won't touch. For the privilege, its clientele pays elevated rates of interest that can exceed 4000%.

Sterling still beaming with pride

Posted on: 24 July 2013

"Greengrocer prosecuted for selling Apple's at 90p/lb".

Sterling’s strength

Posted on: 23 July 2013

The pound strengthened by one US cent and half a euro cent yesterday. It also received some help from the prime minister's comment that the improving UK economy might allow the government to reduce taxes.

Inspiration in short supply

Posted on: 22 July 2013

Sterling lost ground to the Australian dollar and the South African rand and strengthened elsewhere, leaving itself with an average gain of 0.1% against the top ten most actively traded currencies.

Time for sterling to dig in

Posted on: 19 July 2013

For years there have been allegations that professional wrestling is not the straightforward athletic contest it purports to be.

Fed Reserve chairman brought nothing to debate

Posted on: 18 July 2013

Bernanke made clear he would wind down the asset purchase programme if the economy improved and that he wouldn't if it didn't...

Is Mark Carney a dove in hawk’s clothing?

Posted on: 17 July 2013

Researchers have discovered a new dinosaur. Well, it's not exactly a new one; the fossilised remains are 75m years old and palaeontologists at Utah's natural history museum kept the discovery secret for seven years while they worked up a decent portfolio of computer-generated pictures.

Could the inflation numbers send sterling higher?

Posted on: 16 July 2013

Currency movements were small yesterday, except for the South African rand, which enjoyed a second day of recovery and the Australian dollar, which retraced some of the previous two days' losses.

Chinese growth no worse than expected

Posted on: 15 July 2013

The fear of a failing Chinese economy was there in investors' minds this morning. They did not appreciate the reminder that the world's second biggest economy is starting to display the same cyclicality as the developed world.