Market hasn't bottomed - Threadneedle

Rebecca Chesworth, Threadneedle’s UK equity specialist, says the firm will remain cautious in the coming months, as the credit crunch fallout and UK and US slowdown concerns continue to dominate sentiment. Chesworth says the market “will struggle to regain its start of year level” in the near-term, but she is confident on the future prospects. “There are reasons to be positive over the longer term, especially given the recent cut in interest rates. Threadneedle are forecasting further cuts to 4.5% before the year end,” she says. “Valuations and the reasonable financial health of UK pl...