We took advantage of the continuing turmoil in world currency markets on Wednesday morning to tip three new shares which stand to gain from

the flight to the relative safety of the US dollar and our own pound. The latest batch of recommendations are headed by Financial Times owner Pearson which earns most of its cash through its American communications outlets and heavyweight cruise operator Carnival, another big dollar earner which has the additional recent benefit of much lower fuel costs. We have also selected wine warehouse group Majestic which should see margins boosted by the lower cost of its imports from countries such as France and Argentina to compensate for recent disappointing sales figures.

As usual, we are investing a nominal £1,000 in each of these shares for our own investment portfolios which have been sitting on hefty cash

reserves after previous share sales. We have set a stop loss target at which followers should consider selling on any major relapse.

The decision to loosen the purse strings came after another solid performance from our existing tips which saw all four portfolios record

gains over the week. We were particularly relieved to see our latest 2015 selections claw back almost half of previous losses after fresh investment support for Scottish retinal imaging group Optos and some recovery in Tennent's lager concern C & C following a major share buy back operation by directors. But FirstGroup disappointed with a sharp fall as investors showed their concern over the impact of the East Coast blizzards on its US business. The 2014 and 2013 portfolios recorded similar overall gains of around 0.5% with the majority of tips edging higher. The long-standing 2012 list did rather better with a 1.2% increase, thanks largely to a surge of support for B & Q retailing group Kingfisher on hopes of better returns from its French business after the European Central Bank announced its moves to stimulate Eurozone economies.