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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

    The UK economy grew by 0.4% in the second quarter of 2018.
  2. John From Moneycorp

    The Pound vs Australian dollar

    Today we discover how the UK's economy is performing, when growth figures for the second quarter of 2018 are released.
  3. John From Moneycorp

    The Pound vs Australian dollar

    The pound has fallen on continuing worries Britain will leave the EU without a trade deal.
  4. John From Moneycorp

    The Pound vs Australian dollar

    Some positive data released in Australia - a surge in the number of new building approvals were issued in June - this is promising as there have been fears recently over the Aussie housing market.
  5. John From Moneycorp

    The Pound vs Australian dollar

    This week, Dominic Raab, the new Brexit minister, conceded to a parliamentary committee that he is not leading the process but merely part of the "chain of command". Theresa May will herself take control of negotiations with Brussels. Mr Raab, somewhat unfortunately, likened the change to "shifting the Whitehall deck chairs”. Investors seemed happy with the new situation, believing it to be more conducive to a soft Brexit.
  6. John From Moneycorp

    The Pound vs Australian dollar

    Economic data released - Australia’s quarter consumer price inflation report in June has come in below expectations - this has slightly weakened the Australian dollar.
  7. John From Moneycorp

    The Pound vs Australian dollar

    Hi all - latest currency review is below, thanks. The highlight of the Aussie's week was the Australian employment data on Thursday morning. They were good numbers, with 51k people finding either full-time or part-time jobs in June. The dollar's initial reaction was to move higher but the move did not carry through. Not for the first time, investors did not entirely trust the figures, which analysts at one local bank described as "plain weird". In the end the Aussie had a slightly below-average month. It lost half a US cent, held steady against the Canadian dollar and went up by three quarters of a cent against the pound. Sterling was hampered by politics - the government only narrowly won two votes in parliament - and by disappointing UK economic data. Wage growth slowed, inflation did not make the expected pickup and retail sales in June fell short of all but the most pessimistic forecasts.
  8. John From Moneycorp

    The Pound vs Australian dollar

    Latest review of the pound and Australian dollar is below - thanks. The Aussie was last week's winner, strengthening by a cent and a quarter against sterling and adding a quarter of a US cent. It was not an easy win though: Having led the way initially, the Australian dollar gave back two and a half cents before staging a second rally. Australian economic statistics were few; business confidence was roughly steady and consumer confidence improved. The main factor for the Australian dollar was external, and negative; America's imposition of tariffs on another $200bn of Chinese goods. The main determinants for sterling were Brexit and Trump. At the beginning of the week unanimous government support for Theresa May's latest Brexit plan helped it higher. That support was eroded by the resignation of Boris Johnson. It was undermined comprehensively by Trump's comments on Theresa May and his support for her replacement by Johnson. Brexit news as usual has been dominating proceedings in the UK.
  9. John From Moneycorp

    The Pound vs Australian dollar

    Pound weaker over the past day due to worries over Brexit talks.
  10. 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
  11. 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
  12. John From Moneycorp

    The Pound vs Australian dollar

    Positive economic data has boosted the Australian dollar this week.
  13. 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 

  14. 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.
  15. 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.
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