• With us now, Iain Stealey, International Chief Investment Officer for a fixed income at JP Morgan Asset Management, and Bloomberg's UK correspondent Lizzy Burden.
    Francine Lacqua
  • Iain Stealey
    We're actually very constructive on the gilt market at the moment. When I look at what's priced into the market, I'm slightly surprised there's not more priced for later this week. But looking over the longer term, if we get tax rises or policy that disrupts growth but prevents inflation from moving higher—and we did get some constructive inflation numbers recently—the gilt market and Bank of England could be quite constructive.
  • What's your take on the Fed?
    Francine Lacqua
  • Iain Stealey
    The committee is divided; they're struggling with data. I think we could see a December rate cut, but I'd like to see more data confirming labor market slowing.
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