Lloyds Banking Share Discussion Threads

[xxxxxy] 11/9/2020 09:20

UK reaches historic post-Brexit trade deal with JapanBusiness groups said the deal was a 'breakthrough moment' after delays caused by Shinzo Abe's resignation and disagreements over agriculture... Daily Telegraph...Not everything, but positive.

[xxxxxy] 11/9/2020 09:14

And people working from home. Crossword. Maybe India and not UK.

[xxxxxy] 11/9/2020 09:12

European equity traders were in a cautious mood on Friday, following a late sell-off on Wall Street overnight.Stocks tanked in late trade in New York after markets had closed in Europe. Tech stocks led the rout, with the Nasdaq (^IXIC) closing down 2%."While there was no specific impetus to the selloff, there were a couple of negative headlines that may have reinforced the week-old risk-off sentiment," said Jim Reid, a senior strategist at Deutsche Bank."A slimmed down US stimulus bill failed to pass the Senate (somewhat expectedly), and Microsoft announced that they had detected new cyberattacks targeting the US elections."Against this backdrop, European markets suffered a tepid open. The FTSE 100 (^FTSE) fell briefly before trading flat, while the DAX (^GDAXI) and CAC 40 (^FCHI) were both down 0.1%.... Yahoo Finance

[alphorn] 11/9/2020 09:11

G2 - agree with you. Limited choices though. Deferring a problem - but a real problem.

[maxidi] 11/9/2020 09:10

£/ $ @ 1.28 .....0000h!

[buywell3] 11/9/2020 09:04

======= If you believe in Chart cycles and repeats =========

Also if you believe in Great Depression events and repeats in a much quicker modern technology time-frame albeit still governed by the duration of the MACRO causation event which now is Covid-19 .

That is to say this New Great Depression will last until Covid-19 is eradicated




A fall from 375 ish to 40 or a 90% drop

History in charts repeats


Things on exchanges move quicker these days , hence 2021 ok maybe going into 2022 if the drop starts in earnest sometime in mid 2021 but this coming depression will IMO be much worse than the previous one above.

But a hard bear market fall for 12 months when it starts is buywells call

buywell has been saying this for some time as fans will know but others are picking up on it

The Stock Market Barely Faltered in the 1918-20 Pandemic. Is History Repeating Itself?



imo dyor

[grahamite2] 11/9/2020 08:57

diku 11 Sep '20 - 08:45 - 314271 of 314273

...furlough, which has protected 9.6m jobs so far at a cost of £35bn.

Has it? Or has it actually just given 9.6m people super-enhanced dole money?

[maxk] 11/9/2020 08:51

Brussels threatens to ban food imports in no-deal Brexit


Oliver Wright, Policy Editor | Bruno Waterfield, Brussels
Friday September 11 2020, 12.01am, The Times



Brussels has threatened Britain with financial, agricultural and trade sanctions if ministers refuse to back down on their threat to walk away from parts of the withdrawal agreement.

In a provocative move Michel Barnier, the EU’s chief negotiator, hinted that it could ban imports of British food and livestock when the transition period finished at the end of the year.


An internal European Commission analysis, seen by The Times, also suggests that Brussels could restrict access to the City of London and impose other “sanctions” on British exporters in the event of no-deal. “Retaliation, trade sanctions, is the nuclear option but it is there,” a diplomatic source said.

[poikka] 11/9/2020 08:49

"However nothing on earth will stop the EU forever resenting us for leaving."

Many countries within the EU must be soooo envious of us getting out: some hating us (Germany and France, as ever), and some just wishing they had the balls to do the same.

[diku] 11/9/2020 08:45

More free money coming...those on furlough should be given some form of community tasks...






Rishi Sunak has been urged by MPs to extend the taxpayer-funded furlough scheme for businesses with a chance of surviving the Covid storm.

The Chancellor should "show flexibility" and target companies that are still viable when the existing programme ends in October, members of the Treasury select committee said.

Critics have warned that in its current form - where it has been available to all companies, paying up to 80pc of employee wages if they are temporarily unable to work - furlough allows even failing "zombie" businesses to struggle on.

But the committee said the Chancellor should "carefully consider" whether a targeted extension was needed for furlough, which has protected 9.6m jobs so far at a cost of £35bn. The scheme will be wound up at the end of October.

[portside1] 11/9/2020 08:27

Lloyd's to close U.K. call centres and open them in India Thousands of jobs will go And NatWest barcs and 4 insurance companiesIf they do not need to be in a office then it's a good call to save millions

[grahamite2] 11/9/2020 08:16

xxxxxy, I've got a lot of time for John Redwood and appreciate your articles from him. But there's a very different way of looking at things than #314264:



The strong language may put you off but it's actually worth reading. It does look as though Boris and his pals are continuing the course, started by Mr Blair, of taking this country to totalitarianism, and COVID has been nothing more than a heaven-sent excuse.

[cheshire pete] 11/9/2020 08:13

So now the EU is miffed that we are playing them at their own game and doing so rather well resulting in them threatening to sue UK Govt.

They obviously haven't heard of the legal principle "He who comes to equity must approach the court with clean hands"....but then you'd be surprised if a bunch of crooks had done. Stand firm Boris and Govey, the nation is behind you. Ignore the puffed up remainers....they're losers.

[cheshire pete] 11/9/2020 08:13

Duplicated.

[xxxxxy] 11/9/2020 08:12

AndNo DealAfter this, not even a Fig leaf.The EU are no friends.Let them do their own defence.No DealWTO

[pal44] 11/9/2020 08:12

Brexit who is going to blink first Uk or EU. ...?

[xxxxxy] 11/9/2020 08:10

Britain's economic rebound from the impact Covid-19 continued in July, with output expanding 6.6pc over the month.The rate of expansion was slightly weaker than expected, and marked a slowdown from June's 8.7pc increase.Overall, the UK's economic output returned to 2013 levels – meaning there is still a long way to go to touch pre-virus levels.... Daily Telegraph...Not perfect, but positive.

[xxxxxy] 11/9/2020 08:06

How to tackle the virusBy JOHNREDWOOD | Published: SEPTEMBER 11, 2020The government waited until the virus had fallen to very low levels. It then began a gradual relaxation of controls, essential to economic recovery and allowing freedoms back.Its policy to control the virus switched to testing people to seek to ensure that all those with it or in contact with carriers self isolated, so the rest of us could lead a more normal life. It added to the measures by still not allowing some sectors to go back to work, and insisting on varying measures of social distancing for everyone.With more testing today more cases of the virus are being identified, and the graph is going up again, as it has already done in places like Spain and France. So far it seems to be spreading more amongst the younger and fitter, so there are still not so many severe cases and deaths. Some say this pattern will continue. Others think it is only a matter of time before more vulnerable people get it and the serious cases rises.The government and Councils turned to local lockdowns as a supplement to testing and isolating more people.In places where there was a surge in cases normal life was further interrupted to seek to control the spread. Now the government is moving back to national restrictions again as the cases still increase.Yesterday the PM said he now wanted the NHS to develop a much faster test so people could get the result shortly after taking it. He would want to see a massive increase in the number of tests, perhaps a fifty fold increase on current levels. The idea is we could go to an event but be tested on the way in. Meanwhile current levels in excess of 200,000 tests a day are not backed up by sufficient laboratory capacity to give quick results, and some people are being told to wait several days or travel very long distances to get a test.It leaves people asking some questions. Why can't the NHS test more people locally? When will the current testing system be fixed? Who is now working on a rapid test and how many would it be possible to make when there is one? How will the public react to a prolonged period of restrictions on freedoms? How much more economic damage will be incurred if the virus does continue to flare up?

[arjun] 11/9/2020 08:00

Morning all6.6% is good news

[falklandi] 11/9/2020 07:50

Hopefully the Brexit Drama will be sorted soon.
I don't belive in the politicians rhetoric while the negotiations are going, don't
Trust anyone.

[falklandi] 11/9/2020 07:49

Good morning all,

[maxk] 10/9/2020 23:35

You'd know all about snake oil Min, you drink enough of it..

[minerve 2] 10/9/2020 23:08

Still better than snake oil.

[patientcapital] 10/9/2020 23:02

Olive oil:)

[patientcapital] 10/9/2020 23:01

Nothing dull about gilts! In the good old days we were charging 1/8 on longs. That's £12,500 on £10m nominal. Only 1/32 on shorts.