Asks about outlook for UK assets this week
Host
Guest
Overweight UK assets overall - equities, gilts, investment grade credit. Expects sterling appreciation against dollar throughout the year.
Guest
Political risk: Markets could worry if Rachel Reeves removed as chancellor, potentially causing gilt yields to rise and sterling to weaken.
Questions whether monetary policy direction can reassert itself over recent political/fiscal focus
Host
Guest
Monetary policy dominates most markets in short term; political noise should dampen over course of year.