Experts say the UK investor is unlikely to be significantly affected by last week’s second attempted terrorist attack on London, despite an ongoing consumer slowdown.F&C UK growth and income manager Ted Scott says even prior to the first bombings of July 7, the downturn in the strength of the UK consumer market was evident and that the second bombing attempt is likely to accelerate the damage done to consumer-related stocks, such as leisure and pub companies, but fund managers are already avoiding these. Scott adds that a likely 0.25 per cent cut in interest rates designed to ease the situation was widely anticip-ated before the bombings. He points out that the market is on a four-year high at 5,273 at the time of going to press, supported by continued strength in the oil price. New Star global financials fund manager Guy de Blonay says: “The global markets are more concerned with economic fundamentals than specific terrorist events. The fact that there were no casualties on July 21 has reinforced the market perception that the global terror threat is still present but that it has weakened since September 2001 when markets took longer to rally. The market is no longer in shock – it is prepared for events like this.