The Pound will recover in time

The Pound will recover in time By Victor Hill Regular readers will know my stance on Brexit. And I voted as I did – after much reflection – well aware of the risk of turbulence ahead. Just as I anticipated that the Pound would descend, not in a linear fashion, but in steps. Until, that is, the end-game becomes clear. In a rational world the Europeans would realise early on that they will damage themselves by punishing Britain. But, alas, people who describe their philosophical systems as "rationalist" are never rational. I wrote back in March that the demise of Sterling has been one of the most oft-predicted economic themes of my lifetime. My grandfather (born in the early 1880s – a South London tram conductor) used to call a pre-decimal[i] half-crown coin (worth the equivalent of 12.5 new pence) a half a dollar – because, for most of his lifetime the Pound Sterling was worth four dollars... Click HERE to read the full article The Master Investor Market Report The FTSE 100 closed the day at 7,015.01, a decrease of 11.89 points. The FTSE 250 fell 20.65 points to finish at 17,924.40. The FTSE All Share dropped 5.95 points to finish at 3,808.38. The FTSE AIM All Share ended the day at 827.37. Shares in British American Tobacco (BATS) dropped 2.85% to 4,666p after it reported that it is planning a merger with US firm Reynolds. British American Tobacco also posted revenue growth of 10.2% over the first nine months of the year at current exchange rates as cigarette sales volumes rose by 2.2% to 497 billion. Market share in key markets also rose by 40 basis points.  Check out our brand-new October issue! Click HERE to read. Building material producer Michelmersh Brick (MBH) said that output across the UK market is falling and that as a result it will not be able to increase prices to the levels hoped this year. Average selling prices have fallen across the year to date and management do not believe that they will recover in 2017. Shares in the business sank 18.65% to 51.25p. Shares in AIM-listed medical supplies manufacturer Immunodiagnostic Holdings (IDH) plunged 16.87% to 172.50p . The company said that revenues for the half year ending 30th September will be roughly in line with the same period as last year, as the change in exchange rate masks an underlying 9% decline. Monday's news today Petra Diamonds (PDL) will publish a trading announcement. Quote of the day "When you reach for the stars you may not quite get one, but you won't come up with a handful of mud either." - Leo Burnett Latest Stories Jubilee Platinum (JLP): 4.5p target after the latest chromite news By Zak Mir Jubilee Platinum has been a private investor favourite for longer than most might have anticipated. However, it looks as though the waiting game may finally be over… Click Here To Read The Full Story How to invest like Philip Fisher By Filipe R Costa One of the biggest and most challenging questions Philip Fisher ever dared to ask a corporate manager was "What are you doing that your competitors aren't doing yet?" Whilst relatively crude, such a question is often disregarded by those involved in business… Click Here To Read The Full Story Hotel Chocolat (HOTC): The next Fevertree? By Zak Mir It would appear that everyone is looking for the next Fevertree (LON:FEVR) or Patisserie Valerie (LON:CAKE). It may be that premium chocolate is actually the way forward in this respect…     Click Here To Watch The Video Orosur Mining: Palpably a buy at 20p or less By Evil Knievil Ignacio Salazar called by at Drayton Gardens on Monday afternoon and, as promised, I bearded him on Orosur (LON:OMI) getting round to paying a dividend… Click Here To Read The Full Story Trump v Clinton: What does it mean for your portfolio? By Filipe R Costa In a decision that promises huge ramifications for investors, on 8 November the US electorate will cast ballot votes to decide who will become the next President of the United States... Click Here To Read The Full Story Join the movement on social media: Copyright 2016 Master Investor Ltd, All rights reserved. You are receiving this email because you opted in at our website. If a Daily Bulletin is too frequent, why not opt in to our once weekly mailing list for a round up of the week's news straight to your inbox. Once Weekly Round-Up Our mailing address is: Suite 88, 22 Notting Hill Gate, London W11 3JE Master Investor is a trading name of Master Investor Limited. Material contained within Master Investor Magazine and its website is for general information purposes only and is not intended to be relied upon by individual readers in making (or refraining from making) any specific investment decisions. Master Investor Ltd does not accept any liability for any losses suffered by any user as a result of any such decision.

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