Q3 Market Commentary Video 2025

William Marshall, Chief Investment Officer, shares the main themes from Q3 2025.

Watch our Q3 market update video, where William Marshall chats through the key themes that dominated the headlines:

• Positive market sentiment returned as trade tensions eased.

• Both the US and UK Central Banks cut interest rates, supporting markets.

• Slowing US job growth and ongoing political uncertainty, particularly concerns over US Central Bank influence, impacted bond markets.

Looking ahead:

1. Political uncertainty in France and the US may influence markets if economic or fiscal concerns increase.

2. The Autumn Budget (26 November) could create short-term volatility in Sterling and UK Gilts.