Weekly Talking Points - Bracing for the UK Budget...

Our round-up of what to expect in the coming week and the key events of last week. Economic data from the US will be hot and heavy this week with Q3 GDP, the employment report and personal income/spending the the PCE all out. UK investors will be focused on the upcoming Budget, with a lot of the big ideas already out, but as Truss and Kwarteng proved, the devil will indeed be in the detail.... Our Spotlight focuses on the UK Gilt market as yields have pushed higher over the last few weeks. Tricio's Chief Economist, John Calverley is looking for a 3% terminal rate in this rate cut cycle, which should help drag gilt yields lower. Our Review section looks at the Bank of Canada rate cut, rise in US yields and market jitters ahead of the US election. To read more please subscribe.