Trade policy risk, the government’s finances and rising defence spending have shaped financial markets this year. With the first half of the year behind us, now is a good time to reflect on the remainder of 2025. What long-term options does the Chancellor of the Exchequer have to stimulate investment in her Autumn Budget? And after its August interest rate cut, what role can the Bank of England play?

A monthly market update from our investment team. 

Each month our investment team provide a macro outlook into global investment markets.

How should investors be positioned now that the 90-day tariff pause has ended? Momentum is all about catching the next ‘wave’. But over longer time horizons, ‘quality shares’ have been the outstanding asset class. 

We are pleased to announce that, subject to regulatory approval, CCLA is being acquired by Jupiter Fund Management plc (Jupiter). CCLA will become part of Jupiter, retaining the CCLA branding, investment, and client service approach.

A monthly market update from our investment team.