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Moneycorp LogoDaily brief: Moneycorp

Sterling looks uneasy against the euro

Posted on: 30 November 2012

Rather more than a single ink cartridge went into the Bank of England's semi-annual Financial Stability Report, launched by the governor yesterday. His bottom line was that British banks have insufficient capital.

European Commission approves €40bn loan for Spain

Posted on: 29 November 2012

The European Commission has at last approved a €40bn loan to restructure Spain's troubled banks. It is part of the €100bn aid package approved in June.

Euro falling as a result of Greek deal

Posted on: 28 November 2012

In the 24 hours since the Greek deal was announced the euro has fallen by three quarters of a US cent and by half a cent against the pound.

Carney’s appointment effecting GBP/CAD

Posted on: 27 November 2012

The announcement of Mr Carney's appointment had an interesting effect on GBP/CAD, which jumped higher as investors sold the Loonie and bought the pound.

Euroland troubles

Posted on: 26 November 2012

Last week, the IMF said it was not allowed to lend to insolvent countries and that the only way to make Greece solvent was for its creditors to tear up some of their claims on the country...

No EU summit agreement; no matter

Posted on: 23 November 2012

Predictably, David Cameron's ardent pursuit of a cut in the EU administration budget went down like a lead balloon in Brussels.

EU Summit to agree budget to increase EU spending

Posted on: 22 November 2012

British Prime Minister David Cameron will have bigger fish to fry than the EU bureaucracy's alcohol addiction when he turns up at today's summit meeting...

Still no eurozone decision

Posted on: 21 November 2012

There was a spat going on all night in Brussels about money; who should provide how much more for Greece and for how long.

Euro not too phased by France’s downgrade

Posted on: 20 November 2012

Could the European Union also be going through a mid-life crisis? It is roughly the right age. It has marital problems and it certainly has financial worries...

Fiscal cliff looms smaller

Posted on: 19 November 2012

since Friday morning the Great British pound has made powerful progress against every major currency except the Australian and New Zealand dollars, where it is very slightly softer.

Hurricane Sandy depresses US statistics

Posted on: 16 November 2012

Sterling was lucky yesterday to get away with a five-tick gain against the US dollar after figures showed UK retail sales falling by an unexpected -0.8% in October.

Governor speaks; sterling falls

Posted on: 15 November 2012

Its' difficult to decide who did the most damage yesterday, Zlatan Ibrahimovic or Mervyn King. Fortunately, neither dealt a lethal blow.

Sterling boosted by UK CPI figures

Posted on: 14 November 2012

Sterling received a modest boost from the UK consumer price index (CPI) figures, which showed inflation bouncing by half a percentage point to 2.7% yesterday.

Extension for Greece but no cash yet

Posted on: 13 November 2012

The most important non-statistical news this morning is that Greece will be allowed an extra two years to implement its austerity regime fully.

Greece leaves investors unimpressed

Posted on: 12 November 2012

Politicians in Athens are doing what they hope is the right thing. On Sunday night they called down fire on their own position, approving a budget for 2013 that had been handed to them by the EU/IMF/ECB troika.