13th November 2023

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • UK gross domestic product remained flat in the third quarter with growth down from the 0.2 per cent expansion seen in the previous quarter. The figure remains in line with the Bank of England expectations and suggested that higher borrowing costs have slowed spending within the economy.
  • UK gilts rallied last Tuesday after senior Bank of England policy maker, Hugh Pill, noted that market expectations of the Bank of England could starting to cut interest rates from next summer were not unreasonable. The 10-year gilt yield fell to the lowest level since September, to 4.27 per cent on Tuesday but slowly rose again at the end of the week.
  • The European Central Bank (ECB) president, Christine Lagarde, noted that the ECB will not begin cutting rates for the next couple of quarters at a Financial Times conference on Friday. Lagarde added that European inflation could still rebound from its recent two-year low figure if there are further energy supply shocks.

Market Pulse

Coming Up

  • US October CPI data released, November 14th at 1:30pm.
  • UK October CPI data released, November 15th at 7:00am.


The performance of each asset class is represented by certain Exchange Traded Funds available to UK investors and expressed in GBP terms selected by Copia Capital Management to represent that asset class, as reported at previous Thursday 4:30pm UK close. Reference to a particular asset class does not represent a recommendation to seek exposure to that asset class. This information is included for comparison purposes for the period stated, but is not an indicator of potential maximum loss for other periods or in the future.Open document settingsOpen publish panel

Risk Barometer


as at latest realignment 31/10/2023


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    Copia Capital Management

    Hamilton House, 1 Temple Avenue, London, EC4Y 0HA

    Understanding the risks

    This information is intended for professional financial advisers only. Copia does not provide financial advice. This information is not intended as financial advice and should not be interpreted as such. Model investment portfolios may not be suitable for everyone. The value of funds can increase and decrease, past performance and historical data cannot guarantee future success. Investors may get back less than they originally invested.

    Copia Capital Management is a trading name of Novia Financial Plc. Novia Financial Plc is a limited company registered in England & Wales. Register Number: 06467886. Registered office: Cambridge House, Henry St, Bath, Somerset BA1 1JS. Novia Financial Plc is authorised and regulated by the Financial Conduct Authority. Register Number: 481600.

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