Q3 Market Digest 2023

• UK Inflation fell by 2% over the quarter to 6.8%, a faster fall than expected. This allowed the Bank of England to hold rates at 5.25% at its September meeting, following a 0.25% rise earlier in the quarter.
• Global equity markets held onto a strong start to the quarter to generate a small positive return over the period. UK corporate bonds performed well with a 2.3% return.
• Most portfolios therefore generated a positive return over the quarter.
• Bonds in general outperformed equities over the period, providing greater returns for lower risk portfolios.

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