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John From Moneycorp

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John From Moneycorp last won the day on June 27 2017

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About John From Moneycorp

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  1. John From Moneycorp

    The Pound vs Australian dollar

    Review over the last week is below - thanks. The Aussie and the Kiwi came out of the week in better shape than the Canadian dollar but that is not saying much. Both were down by about 1% against sterling. Australia's dollar lost three quarters of a US cent and weakened by more than a cent and three quarters against the pound. The only significant Australian ecostat was the house price index. It was down by 0.7% in the first quarter of the year, reducing the annual increase to 2.0%. The minutes of the Reserve Bank of Australia's policy meeting were unhelpful: they no longer included the comment that the next move is more likely to be "up rather than down". Sterling's relatively successful week owed much to the Bank of England's Monetary Policy Committee. At Thursday's meeting three of the nine members voted for an immediate increase in Bank Rate. One of those three was the bank's chief economist, Andy Haldane
  2. John From Moneycorp

    Brexit bill vote

    Please find a review on the Brexit bill vote - https://www.moneycorp.com/Global/Media_Centre/Brexit Update 13.6.18.pdf More information on moneycorp can be found here - https://www.moneycorp.com/uk/campaigns/partners/pio/ Thanks John
  3. John From Moneycorp

    The Pound vs Australian dollar

    Positive economic data has boosted the Australian dollar this week.
  4. Be warned money Corp will drop you once you have moved to Australia. I wish I hadn't transfered any money with them. have just tried for 3 days to open a new accout and can not use original account. all my bills are online and they do not accept online bills so can not open a new account. you have been warned

     

    1. John From Moneycorp

      John From Moneycorp

      Hi Jason

      We can still help you if based in Australia? We just need to set up a new facility to reflect and this is a regulatory requirement.

      If you need anything then feel free to let me know - john.kinghorn@moneycorp.com

      Thanks

      John 

  5. John From Moneycorp

    Australian Dollar Review

    Hi all - review below over the past few months - thanks. Bringing up the rear, the Aussie dollar fare worst in the last week of Q1 with an average loss of 1.2% against its major counterparts. It lost twice that much - four and a quarter cents - to the pound, which was the leader of the bunch. Part of the Aussie's problem was home-grown: disappointing jobs data showed unemployment ticking up to 5.6%. Part was exogenous: a broadening of the US administration's protectionist tariffs to include China and the appointment of the bellicose John Bolton as National Security Advisor. Looking back at the quarter, the Aussie dollar has had the occasional move higher but overall has slumped in value versus the US dollar and the pound. Consumer confidence figures were mixed, posting a slightly positive result in March after a 2.3% drop in February. Similarly retail sales offered a mixed bag of monthly results. Looking ahead to Q2 the pound will continue to be driven by the ongoing negations between the UK and the EU, whilst the prospect of a May interest rate rise by the Bank of England may add some strength to the currency. Similarly the ongoing tensions between the US and China in relation to trade and tariffs will likely have a continued effect on commodity backed currencies.
  6. John From Moneycorp

    Australian Dollar Review

    Hi all - review below over the past few months - thanks. Bringing up the rear, the Aussie dollar fare worst in the last week of Q1 with an average loss of 1.2% against its major counterparts. It lost twice that much - four and a quarter cents - to the pound, which was the leader of the bunch. Part of the Aussie's problem was home-grown: disappointing jobs data showed unemployment ticking up to 5.6%. Part was exogenous: a broadening of the US administration's protectionist tariffs to include China and the appointment of the bellicose John Bolton as National Security Advisor. Looking back at the quarter, the Aussie dollar has had the occasional move higher but overall has slumped in value versus the US dollar and the pound. Consumer confidence figures were mixed, posting a slightly positive result in March after a 2.3% drop in February. Similarly retail sales offered a mixed bag of monthly results. Looking ahead to Q2 the pound will continue to be driven by the ongoing negations between the UK and the EU, whilst the prospect of a May interest rate rise by the Bank of England may add some strength to the currency. Similarly the ongoing tensions between the US and China in relation to trade and tariffs will likely have a continued effect on commodity backed currencies.
  7. Fears of a trade war drive sterling gains against Australian dollar While the atmosphere is somewhat calmer this week, fear of a trade war between the US and China has not entirely dissipated. This is one of the reasons that the pound is making gains against the Australian dollar; a trade war could impact exports of iron ore to China and have a knock on effect on the Australian economy. In addition, the Reserve Bank of Australia looks set to keep its interest rate at 1.5% for the foreseeable future, while the Bank of England dropped heavy hints that the pound might see a hike in interest rates as soon as May. Should you have upcoming international payments to make then moneycorp can help – receive expert guidance and great exchange rates – click on the following link for more information and register through this page to receive no transfer fees on your international payments: https://www.moneycorp.com/uk/campaigns/partners/pio/
  8. John From Moneycorp

    The Pound vs Australian dollar

    Yesterday, sterling surged with news that Michel Barnier and David Davis, EU and UK Brexit negotiators respectively, are moving closer to an agreement on transitional deal ahead of the EU summit at the end of the week.
  9. John From Moneycorp

    The Pound vs Australian dollar

    Big move in the Pound/Australian dollar exchange rate - worth getting in touch if you need to send money overseas soon - https://www.moneycorp.com/uk/campaigns/partners/pio/
  10. John From Moneycorp

    The Pound vs Australian dollar

    The pound a little bit stronger - upbeat Spring Statement from the UK's Chancellor helped yesterday.
  11. John From Moneycorp

    The Pound vs Australian dollar

    Australian dollar stronger over past few days. Australian exemption from the new US. steel tariffs had boosted the AUD.
  12. John From Moneycorp

    New Australian Bank Account

    New Australian Bank Account We are pleased to announce that we have enhanced the moneycorp PTY service and have a local Australian bank account. Going forward when you add funds to your account you will pay your normal domestic fee. To find out more information about the moneycorp service please click here –https://www.moneycorp.com/uk/campaigns/partners/pio/ TTT Moneycorp Pty Limited, Authorised Representative No. 445555 ABN 46 116 612 858, are Authorised Representatives of Rochford Capital Pty Ltd (AFSL License No. 361276 ABN 40 143 601 594) Jones Bay Wharf, Suite 45, 26-32 Pirrama Road, Pyrmont, NSW 2009.
  13. John From Moneycorp

    The Pound vs Australian dollar

    Latest currency round up is below – thanks. The Australian economic data came and went without fuss. There weren't many of them and they were not hugely important. Private sector lending was just about on target, private capital spending fell slightly in the fourth quarter and January's new home sales were disappointing. The main downward pressures on the Aussie came from the United States, first because US interest rates could rise more quickly than previously thought and second because the president intends to impose steep taxes on imported steel and aluminium. Investor fear that those tariffs and retaliatory measures by other countries will be bad for trade and bad for the Aussie. The currency lost two thirds of a US cent but added half a cent against sterling. The pound's (perennial) problem was Brexit talk. This time it was the EC president and two former prime ministers what weighed in against the government's strategy. The prime minister will do her best to defend it in a speech this Friday.
  14. John From Moneycorp

    The Pound vs Australian dollar

    The pound is slightly stronger this morning. Consumer price inflation remained at 3% in January, the Office for National Statistics said.
  15. John From Moneycorp

    The Pound vs Australian dollar

    Pound boosted today. The Bank of England (BoE) Monetary Policy Committee (MPC) voted unanimously to maintain the interest rate at 0.5%. There were hints that rate rises would be on the cards for the future as the Bank of England upgraded forecasts for UK growth from 1.6% to 1.8% for this year. If the economy progresses as forecast, the Monetary Policy Committee highlighted that “monetary policy would need to be tightened somewhat earlier and by a somewhat greater extent over the forecast period”.
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