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Moneycorp LogoDaily brief: Moneycorp

Mystery seller stir the pot

Posted on: 29 October 2013

At the World Islamic Economic Forum in London today Britain's prime minister will formally announce the Treasury's intention to issue a £200m sukuk, a government-bond-substitute that complies with Sharia.

On-target GDP puts the wind up sterling

Posted on: 28 October 2013

The media could have picked any of a dozen names to characterise the strong winds blowing across Britain today. It is the feast day of Abdias, Abgar and Eadsige, not to mention Fidelis, Faro and the celebrated Godwin of Stavelot.

Q3 GDP; Faites vos jeux

Posted on: 25 October 2013

The pound came close to being the day's top performer yesterday. It had to concede a dozen ticks to the Japanese yen and twice as much as that, proportionally, to the Norwegian krone but elsewhere it was unchanged or firmer.

Any excuse to sell sterling?

Posted on: 24 October 2013

"Luxury" branding is not just for shell suits and handbags. With the advantage of luxury branding you can sell just about anything to arriviste plutocrats as long as it is exclusive and costs loadsamoney.

Unintended consequences

Posted on: 23 October 2013

Every year or so L'Académie française launches one of its periodic assaults on the anglicisation of the of the French language.

At long last; US nonfarm payrolls

Posted on: 22 October 2013

Ever ready with its fearless investigative journalists burning to reveal the momentous events that shape our world, the Daily Mail opens its readers' eyes today to a significant development at the International Monetary Fund.

Slow week in FX

Posted on: 21 October 2013

Whilst it is never true to say that "nothing" is going on in the FX world, an observer could be forgiven for thinking that to be the case at the end of last week.

Sterling interest rates could rise next year: Official

Posted on: 18 October 2013

The only winners of the quixotic Congress budget battle are federal employees, who will have had double their usual paid vacation this year, and stock markets, which will benefit from the Federal Reserve's $85bn-a-month subsidy for longer.

There, that wasn’t too difficult, was it?

Posted on: 17 October 2013

Right John, shake hands with Harry and apologise. Harry, you apologise to John too. No John, it doesn't matter who apologises first... well done Harry, John it's your turn now, that's right.

Deal Or No Deal

Posted on: 16 October 2013

The parallel between cheeky chappy Noel Edmonds's much-loved TV game show and the budget negotiation in Washington is irresistible

Unimaginable consequences less imaginable than before

Posted on: 15 October 2013

So, the politicians in Washington are dragging out the debt ceiling negotiations for as long as possible despite the risk to their country's economy and reputation...

Unimaginable consequences in prospect

Posted on: 14 October 2013

What will happen if the US debt ceiling is not raised in time to avoid a sovereign default? It must be noted that nobody in the financial world expects the ceiling not to be raised - they believe the politicians in Washington will recant at the last possible moment.

US budget anarchists ready to back down?

Posted on: 11 October 2013

Investors now see only the remotest chance of the debt ceiling not being raised in time to avoid default. With that in mind they happily bought equities yesterday...

UK production data go down badly, as does sterling

Posted on: 10 October 2013

Researchers have discovered that the taste of whisky depends on where you drink it.

Can UK production deliver today?

Posted on: 9 October 2013

For those in whom mainstream hobbies such as vacuum-cleaner-collecting or bus-spotting generate unbearable levels of adrenaline, a gentler pursuit is available.