Oil prices fuel inflation fears

Podcast: Walker Crips' Market Commentary · Walker Crips Investment Management Limited

Opublikowano: 2026-10-13

The UK composite purchasing managers' index ("PMI"), a survey which tracks the health of the UK private-sector economy, eased to 52 in September from 52.5 in August, leaving activity growing but more slowly, and the British Retail Consortium put total footfall down 2.9% in the year to September from 1.7% in August. Gilts moved against that softness, the yield rising 7 basis points to 5.44%, as the market priced the Middle East energy shock's inflationary effect and the fiscal risk ahead of Chancellor John Healey's 28 October budget. The Institute for Fiscal Studies argued that inflation, rather than the chancellor's headroom, is the central problem, since...