Legal & General Share Discussion Threads

[rongetsrich] 26/7/2024 19:05

Taylor Swift effect. It's another delay. Plus, what do you think a Public Sector pay rise over 5 per cent would do!!

[richie1218] 26/7/2024 15:09

Bank of England’s interest rate decision on a knife-edge, economists say
Fri, 26 July 2024 at 2:27 pm

The Bank of England’s next decision on interest rates sits on a “knife-edge221;, experts have said, as borrowers wait to see if costs will be cut for the first time since the pandemic.

Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.

The UK’s base rate has been held at 5.25% since August last year as part of the central bank’s task to put a lid on unruly inflation.

But with inflation hitting the Bank’s 2% target level for the past two months, hopes have been raised that rates can start to be reduced, easing the pressure on borrowers.

If so, it would mark the first time that UK rates have been cut since the onset of the Covid-19 pandemic in March 2020.

James Smith, developed market economist for ING, said it will be a “close call” but he expects a majority of policymakers to vote in favour of a 0.25 percentage point rate cut on Thursday.

He said services inflation – which looks only at service-related industries such as hospitality and culture – is the “guiding light for Bank of England policy right now”.

“More recently, services inflation has been propped up by a spike in hotel prices,” he said, suggesting that the Bank could be less concerned by the “highly volatile” nature of the data.

“The bottom line is that there is just about enough in the recent data to give the Bank confidence to begin lowering rates,” Mr Smith concluded.

Sanjay Raja, senior economist for Deutsche Bank, also predicted that rates will be cut to 5% but stressed it will be a “delicate balance”.

“With the bank rate held steady for the better part of a year now, risk management considerations may be shifting from having done ‘too little’ to ‘too much’,” he said.

The economist expects governor Andrew Bailey to be among the members on the Monetary Policy Committee (MPC) opting for a rate cut.

On the other hand, Andrew Goodwin, chief UK economist at Oxford Economics, said he thinks the MPC could hold rates at 5.25% for another month.

This is partly because financial markets are leaning towards a September cut, and the Bank may want to avoid “surprising221; investors.

“The MPC hasn’t gone against the market consensus since November 2021,” Mr Goodwin said.

“Though not completely beholden to markets, we think the MPC would prefer to take markets with them rather than take them by surprise, particularly if there is little urgency.”

Experts at Pantheon Macroeconomics agreed that policymakers will keep rates on hold in August but “signal they expect to cut rates in the coming months”.

“The swing voters — Andrew Bailey, Clare Lombardelli and Sarah Breeden — have not spoken since the General Election, which could suggest they are not ready to take the plunge,” Pantheon’s economists said.

[jubberjim] 26/7/2024 11:28

I will repeat

I have a hearty dislike for Our backward second cousins The Cannucks

Know nothing spoilsports

[jubberjim] 26/7/2024 07:29

Ron I don't know if that question was directed towards me

Lgen as always 257 (at the moment)

Phnx Want to sell above 600

In the meantime hope to keep picking up the dividends .


Not long now until results?

[rongetsrich] 26/7/2024 06:30

Nice one, do you have a price where you won't keep adding?

[dil 21] 26/7/2024 01:05

Had a few more today for divi income.

[netcurtains] 25/7/2024 22:23

NWG up over 6% on buying bits of Metro bank.. Metro bank up 4%

Finance sector cooking on gas!

[covid 19 deal] 25/7/2024 20:16

CRWD and Microsoft artificially created mess up was intentional..rich few dictates what next...long term it goes further up.....unless you play with borrowed money you are ok

[rongetsrich] 25/7/2024 18:59

Well done you, Cassy.

[rongetsrich] 25/7/2024 17:08

Petee, a title that fits would not suit the normal posters.Don't you have a close family member to serenade?

[jubberjim] 25/7/2024 17:01

This will upset a couple of posters maybe(not my biggest fans)

Added a few more this am.

Every little helps but still waiting to clear out rest of my PHNX

[pvb] 25/7/2024 16:52

FOGF...

'Fog in France, no English people effected'?
'Fear of Getting F.....' ?

[jubberjim] 25/7/2024 14:28

Thanks Cassini

Just now worked it out

[covid 19 deal] 25/7/2024 14:22

It goes up eating my stop loss...and over long term market goes upward lol..what a punter I am...time to throw kitchen sink in the market

[jubberjim] 25/7/2024 10:26

Not while FOMO is about

I take the opposite view I don't know the accronym

Getting Caught Long (with no funds)

[bbd2] 25/7/2024 10:14

Similar here. Still think it will be a solid investment for them. I bailed too quickly out of RR… grrr. Still hold a decent wedge here though and tempted to top up at this level.

[mcunliffe1] 25/7/2024 09:54

bbd2: well remembered. Nope, still hold.

I should however explain that I hold small amounts only and in all three of my grandkid's investment trust accounts with A J Bell.

The youngest one (2 yrs) has the most at 413 - bought at 94.3p
The other two hold 229 each bought at 82.8p

They were always a long shot.

The oldest two also hold RR, 157 each bought at just under 120p in late Nov 2021.


Little acorns and all that 🌳

[123trev] 25/7/2024 09:50

Looking at key support areas on the ftse now could potentially go a good bit lower in coming days on top of this.

[jubberjim] 25/7/2024 09:16

I think that's an apology of sorts

So I will accept it for the sake of entente cordiale

Bon Chance

FINIS

[pierre oreilly] 25/7/2024 09:12

Btw jubber, I always think I'm being helpful when I correct obvious errors (I really appreciate when people correct mine). Nevertheless, you seem to think it's arrogant to do so, so I won't correct your incorrect title for me, neither your incorrect 'bon chance'.

[bbd2] 25/7/2024 08:16

Mc. Did you sell your Atome stake in the end.