UK market dependent on state of the US economy

The outlook for the UK is improving now that inflation worries are dissipating. In comparison to world markets, Jeremy Rigg, part of the UK equity team for Henderson, is positive about the UK. However, this is tempered by the uncertainty surrounding the US struggle to dampen inflationary pressures. This has pushed Rigg back into a neutral position on the UK. He says: "The US interest rate picture is cloudy. We expect the Fed to ensure that the economy will slow down. The recovery in the Nasdaq has spooked the Fed and consumer demand is not slowing down enough." Rigg believes the UK marke...