Why UK’s Brexit negotiating hand is stronger than you think

Why UK's Brexit negotiating hand is stronger than you think By Victor Hill In a recent reflection on what central bankers get up to when they meet together for some rest and recreation, I attempted to explain what TARGET2 is. This is the settlements system that, since 1999, has facilitated payments between the various Eurozone countries' internal settlement platforms. If that sounds boring – it is. So let me tell you something which isn't boring. The unfolding crisis in TARGET2 will have massive implications for the Brexit negotiations. It turns out that the British hand is stronger than we thought because the Germans are desperate to accommodate the UK's aspiration to tariff-free access to the Single Market. Otherwise they will be in big trouble… Click Here To Read The Full Story The Master Investor Market Report The FTSE 100 closed the day at 7,033.25, a decrease of 41.09 points. The FTSE 250 fell 141.55 points to finish at 18,200.52. The FTSE All Share dropped 22.57 points to finish at 3,826.53. The FTSE AIM All Share ended the day at 827.46, down by 1.53 points. Supermarket Tesco (GRG) saw its shares shoot 9.75% higher to 207.10p after the firm reported a 38.4% improvement in operating profits for the first half of the year along with revenues of £24.4 billion. Management said that the new fresh food lines were performing better than had been planned, and added they were looking to continue to focus on improving profitability during the second half of the year. Don't miss our September issue! Click HERE to read. Copper production for the third quarter grew by 38% to 4,102 tonnes at miner Central Asia Metals (CAML), a record level for the company and a 31% increase for the 2016 year to date. The firm said that it is on track to meet full-year production guidance and that sales were also improving steadily. Central Asia Metals shares rose by 6.50p to 187.25p. AIM-listed optical components specialist Gooch & Housego (GHH) announced that results for the year ended 30th September will be in line with expectations. Demand for industrial lasers continued to improve over the course of the final quarter of the year. Together with an excellent performance in the fibre division, this has contributed to the order book at the start of the new year being 45% higher than it was 12 months ago. The shares climbed by 12.50p to 1,000p. Tomorrow's news today DFS Furniture (DFS) will publish final results. Quote of the day "In order to attain the impossible, one must attempt the absurd." - Miguel de Cervantes Latest Stories Boohoo technicals target 140p by the end of next month By Zak Mir The great divide between online and High Street retailers continues, and is something which the revamped BHS is clearly trying to muscle in on. Meanwhile Boohoo.com goes from strength to strength.… Click Here To Read The Full Story Is the pound freefalling towards parity with U.S Dollar? By Zak Mir After today's post-Brexit vote low for the Pound, it's time for all the talking heads and financial journalists to describe the horrors of a weak currency… Click Here To Read The Full Story New fund manager revitalises the British Empire Trust By Nick Sudbury One of the attractions of investment trusts is that in many cases the managers seem to stay in place longer than they do with open-ended funds, which can result in a more consistent approach… Click Here To Read The Full Story Is OPEC's deal credible and sustainable? By Filipe R Costa As readers are no doubt aware, OPEC recently agreed a production cut from its August output of 33.2 mb/d (million barrels per day) to a new target of between 32.5 mb/d to 33.0 mb/d… Click Here To Read The Full Story Ibstock: Government schemes build to 200p target By Zak Mir It is rare that as a technical analyst the cue for looking at a stock is quite so directly fundamentals based, but, in the case of Ibstock, the latest Government initiatives on the housing front make it an appropriate thing to do... 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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