Weekly Market Commentary - 14 October 2022

Alex Stojkovic

Investments

October 18, 2022

This week we saw the lady is for turning after all. Growing opposition on the Conservative backbenches, international criticism and extremely hostile financial markets forced Liz Truss to sack Kwasi Kwarteng as chancellor and rethink plans to cut taxes.

Whilst in the US, inflation came in higher than expected and sparked a wild day’s trading in equity and currency markets.

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