It used to be said that in central London you were never more than six feet from a rat. Nowadays, the saying has been updated: you are never more than six feet from a Pret-aManger. Before Pret came McDonald’s, serving the same burgers in the same buns from London to Tokyo. Such was the ubiquitous nature of the fast food giant that in 1986 The Economist launched the ‘Big Mac Index’. Presently, this famous index of relative currency strength suggests sterling is seriously undervalued [1] . Sterlin ....
05 Dec 2019
Holding something in reserve
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Holding something in reserve
Schroder Income Growth Fund PLC GBP (SCF:LON), 274 | JPMorgan Claverhouse Investment Trust PLC (JCH:LON), 693 | BlackRock Income and Growth Investment Trust PLC GBP (BRIG:LON), 186 | City of London Investment Group PLC (CLIG:LON), 335 | abrdn Equity Income Trust plc GBP (AEI:LON), 304
- Published:
05 Dec 2019 -
Author:
William Heathcoat Amory -
Pages:
6
It used to be said that in central London you were never more than six feet from a rat. Nowadays, the saying has been updated: you are never more than six feet from a Pret-aManger. Before Pret came McDonald’s, serving the same burgers in the same buns from London to Tokyo. Such was the ubiquitous nature of the fast food giant that in 1986 The Economist launched the ‘Big Mac Index’. Presently, this famous index of relative currency strength suggests sterling is seriously undervalued [1] . Sterlin ....