28th November 2022

Weekly Espresso

The infoshot to help kick-start your week

Last Week

  • UK house prices are predicted to fall around 9% between now and Autumn 2024 before bouncing back, says the OBR. The information offers respite for first-time buyers, following recent sharp rises in property prices. However, the cost of a mortgage is likely to remain noticeably higher for the duration of this period, with an average 5-year fixed deal currently has an interest rate of around 6%.

  • According to the minutes of the FOMC meeting released on Wednesday, Federal Reserve officials expect to switch to smaller rate increases ‘soon’. Markets widely expect the next rate hike in December to be 50 basis points. However, despite signalling that less severe moves are ahead, the Fed stated it still sees few signs of inflation cooling. While the pace of rate hikes will likely fall, the terminal funds rate may have increased, with recent statements indicating it could plateau over 5% in 2023.

  • Black Friday sales bounced back this year, at higher levels than 2021. While it was believed that the current cost of living would dampen retail activity this winter, Barclaycard Payments note a 3.2% rise in transactions since last year. Footfall is up this year, in the absence of covid restrictions, but is still below pre-pandemic levels. Currys stated that energy efficient products led sales, as customers look to save on already-high energy bills.

Market Pulse

Coming Up

  • EU Consumer Price Index data (YoY Nov) released 30th November, forecasted at 10.4%
  • US Nonfarm Payrolls (Nov) released 2nd November, forecasted to decrease to 200K


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 31/10/2022


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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.

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