Top 6 – October 2016


Tim J. Smith, PhD
Founder and CEO, Wiglaf Pricing

Published October 5, 2016

“Given the pound weakness right now, for U.S. investors, it’s really only a win if you are a new investor and you’re bullish…If you already own FTSE 100 companies, you’ve seen your investments depreciate.” – Ken Odeluga, London-based market analyst at brokerage City Index, Bloomberg Markets

  1. Brexit turning out to be a mixed bag.
  2. The pound has pushed the FTSE 100 Index of U.K. megacaps above 7,000 for the first time in 16 months.
  3. FTSE 100 is still below the level it was at before the decision, which is bad news for those overseas investors.
  4. The FTSE 250 Index of mid-cap shares rose for a fifth straight day, reaching an all-time high.
  5. It seems it’s really the dollar that’s suffering.
  6. Since the day of the referendum, the FTSE 100 has gained 12 percent in local currency, versus a slide of almost 4 percent in dollar terms.
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About The Author

Tim J. Smith, PhD, is the founder and CEO of Wiglaf Pricing, an Adjunct Professor of Marketing and Economics at DePaul University, and the author of Pricing Done Right (Wiley 2016) and Pricing Strategy (Cengage 2012). At Wiglaf Pricing, Tim leads client engagements. Smith’s popular business book, Pricing Done Right: The Pricing Framework Proven Successful by the World’s Most Profitable Companies, was noted by Dennis Stone, CEO of Overhead Door Corp, as "Essential reading… While many books cover the concepts of pricing, Pricing Done Right goes the additional step of applying the concepts in the real world." Tim’s textbook, Pricing Strategy: Setting Price Levels, Managing Price Discounts, & Establishing Price Structures, has been described by independent reviewers as “the most comprehensive pricing strategy book” on the market. As well as serving as the Academic Advisor to the Professional Pricing Society’s Certified Pricing Professional program, Tim is a member of the American Marketing Association and American Physical Society. He holds a BS in Physics and Chemistry from Southern Methodist University, a BA in Mathematics from Southern Methodist University, a PhD in Physical Chemistry from the University of Chicago, and an MBA with high honors in Strategy and Marketing from the University of Chicago GSB.