Investment Newsletter October 2016
Tricks and illusions The tradition of jack-o’-lantern and the hollowing out of pumpkins at Halloween all goes back to a simple phenomenon called ignis fatuus – or illusions created by photons released by peat bogs that give rise to ‘spooky’ sightings. The mixture of biological and chemical emissions create flickering lights and acrid smoke which hang over the bogs that over the years have been attributed to evil forces at work.
Neal Foundly
Regardless of the simple scientific explanation, a whole Halloween industry has grown up built on superstition and fear.
President Obama - warning that Brexit would portent a very bad future for the UK economy. However, once the count was taken and the decision made to exit the EU, darkness did not descend. Indeed, with the help of the Bank of England’s announcement of a 0.25% cut in interest rates and a fresh round of quantitative easing, asset markets from the FTSE 100 Index to the gilt market forged ahead, silencing many of the critics.
Investment Analyst
Fear of the unknown and unclear signals are now gripping the value of sterling. Arguably this started with what has been dubbed ‘Project Fear’ prior to the EU referendum with supporters of the Remain campaign – including everyone from Mark Carney to
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