Martin Walker, Head of UK Equities
Over the course of the quarter, the pound experienced a rebound as new Prime Minister Rishi Sunak and his Chancellor Jeremy Hunt reversed many of the measures pushed through by Liz Truss and her administration. Inflation hit 11.1% in October, but now appears to have peaked.
Going forwards, a global recession looks likely but recent data suggests this could be milder than initially thought. The team remains optimistic on UK equities, which they believe are still offering good valuation opportunities.
In his Q4 video update, Martin reflects on the quarter and answers the following questions:
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