City Confidential

14 November 2025

Regular readers will know that we have been nervous of the market over recent weeks as its rise has seen new records on the FTSE 100 set on a regular basis – all this whilst there are significant concerns about the UK economy and all sorts of rumours regarding Rachel Reeves and her autumn statement.  Never mind all the other political ructions surrounding Kier Starmer.  It has therefore come as little surprise to us that the FTSE 100 fell back by 103.74 points yesterday to close at 9,807.68 – it is down even more today, falling another 180 points or so in late morning trade.  Even so, at 9,626, the Index is still above the level of October 23 when it set a record closing high of 9,578.57 and so further declines could be likely especially if the sell-off on Wall Street continues!