Weekly Market Commentary - 7 October 2022

This week saw the UK markets partially recover from their lows following the mini-Budget after the chancellor Kwasi Kwarteng abandoned plans to scrap the 45p additional rate of income tax. Sterling recovered from its low of $1.035 to a high of $1.13 albeit briefly.

Uncertainty still remains in the UK as rating agencies Fitch and S&P lowered the UK’s credit outlook from stable to negative.

If you are concerned about your exposure to the UK markets, one of our advisers would be happy to review.

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