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Moneycorp LogoDaily brief: Moneycorp

A Budget For Everything

Posted on: 21 March 2013

Who can honestly deny ever having had to stifle a snigger at some of the reproduction artwork on the living room walls of elderly relatives? Think of "Tina" by JH Lynch, the Tahitian lass by the tree coyly protecting her modesty with an arm, or Vladimir Tretchikof's "Chinese Girl" with the post-apocalyptic green complexion.

A budget for growth

Posted on: 20 March 2013

Until yesterday Jérôme Cahuzac was President Hollande's budget minister, in charge of fighting tax evasion. Now he is not, having been fired as a result of a criminal investigation into his tax-evading Swiss bank account

Eurozone still in crisis

Posted on: 19 March 2013

Investors can look away and busy themselves with American fiscal cliffs, aggressive Japanese asset purchases or British triple-dip recessions but when they look back at the Euroland screen nothing has moved on.

Eurozone bank deposits plundered for bailout money

Posted on: 18 March 2013

Although eurozone inflation is below 2%, the authorities have other ways to reduce households' spending power...

Recovery in sight

Posted on: 15 March 2013

Sterling's critics, who have been at least as vocal as the anti-jumper-shop brigade in their denunciation of sterling this year, seem to have toned down their vilification.

Employment data take Aussie higher

Posted on: 14 March 2013

Dr Jamison Allen and his team at the University of Arizona have debunked the idea that cows lie down when it is about to rain. After days of exhaustive research they found that the animals vary their posture according to the temperature, standing up when the weather is warm and lying down when it's cold.

Sterling survives awful UK production data

Posted on: 13 March 2013

A chap called Dane Hamilton appeared in Birmingham Crown Court yesterday charged with smuggling cocaine into Britain, which he had concealed in Cornish pasties. It was a lucky hit for the police. They had only expected to prosecute him for traces of horsemeat and evading the tax on hot food.

Nobody ready to ‘like’ sterling

Posted on: 12 March 2013

Sterling and the yen were close to the bottom of the pile again on Monday. The yen's problems were a comment by Bank of Japan Deputy Governor Kikuo Iwata...

Canadian and US dollar top performers

Posted on: 11 March 2013

The message from North America on Friday afternoon was directed at major currencies elsewhere in the world and was along the lines of "So long and thanks for all the jobs".

St Mario sends euro higher

Posted on: 8 March 2013

The euro got a nice surprise yesterday when its patron saint, European Central Bank President Mario Draghi, reasserted his confidence in the single currency.

To ease or not to ease? That is the question

Posted on: 7 March 2013

In 2008 the BBC commissioned a £6m computer system to monitor foreign radio and television traffic and turn it into written English. Being a quasi-governmental project it had to have a pedantic designation; the "Specialised open source collection re-versioning archiving tailored export" system.

Government to crack down on ‘payday’ lenders

Posted on: 6 March 2013

The government is going to crack down on cowboy "payday" lenders. These firms offer money to desperate people at unusually high rates of interest; APR’s of 2000% to 4000% are typical.

Sterling’s quandary

Posted on: 4 March 2013

According to a study by the House of Commons Library, over the last two years real incomes have fallen more quickly in Britain than almost anywhere in Europe.

Negative interest rates?

Posted on: 27 February 2013

The problem with all these asset purchases is that the money handed out in the process has not gone where the Monetary Policy Committee intended.

Sterling’s death an exaggeration

Posted on: 26 February 2013

Against all but one of the major currencies - the yen - the pound has strengthened. The Japanese currency massively outperformed the rest of the field yesterday...