September brought an unexpected twist to the UK inflation narrative, with a surprising increase to 6.7% year-on-year, slightly surpassing consensus expectations of 6.6%. The service sector, which saw increasing prices, was noted as the primary driver. While this may encourage a more hawkish stance within the Bank of England (“BoE”), wage growth indicated signs of slowing, suggesting a potential easing in price pressures by the end of the year. The UK labour market also displayed signs of easing, with a decrease in payrolled employees and vacancies. The Times cited BoE Deputy Governor, Jon Cunliffe, who anticipates that interest rates will persist at higher levels for the foreseeable future. He noted mixed economic signals, with some indicators slowing, while others suggest that the labour market is beginning to cool. He acknowledged that the economy displayed more resilience in 2022 than previously thought... Stocks featured: Bellway, Rentokil Initial and Segro To find out more about the investment management services offered by Walker Crips, please visit our website: https://www.walkercrips.co.uk/ This podcast is intended to be Walker Crips Investment Management’s own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.