Lloyds Banking Share Discussion Threads

[xxxxxy] 18/10/2019 09:13

Peter WoodPosted October 18, 2019 at 5:11 am | PermalinkGood Morning Sir John,In this new proposed Treaty, is there a date specified or indicated, after which its terms no longer apply? Meaning, no ECJ jurisdiction, no requirement for alignment of any laws or trade practices, no obligation to agree or act upon any EU commission laws, directives or the like. If so, what is it?

[maxk] 18/10/2019 09:12

Funny enough, Raab was on the wireless a few mins ago talking the Boris deal up.

[maxk] 18/10/2019 09:11

lol Alp, absurd to put that up as news. And even more absurd for me to miss it :-(

[alphorn] 18/10/2019 09:01

max - look at the date m8!!!

[maxk] 18/10/2019 08:57

Your fav newspaper Alp.

[excell1] 18/10/2019 08:55

I can see Nigel Farage doing very well in the next GE.

[alphorn] 18/10/2019 08:54

#109. Source? Donald Trump?

[alphorn] 18/10/2019 08:50

cheshire - disagree.

[cheshire pete] 18/10/2019 08:49

So what Alphorn, we've been in for 40 years so getting out is bound to take time. Unfortunate but inevitable. Once business is allowed to get on with it though things will speed up.

[mr.elbee] 18/10/2019 08:47

spot on...any progress is entirely dependent on the goodwill of the EU Commission and us complying with everything they say.
Total con, but it WILL go through ...... remainers can see it is still remain.Tories can see it makes Boris a hero and keeps the party together and Corbyn out.

only the 17.4 have been totally ignored.


This ,from now on, is a silly drama for the media.The result is inevitable.

At least we'll all get rich in the process!

[cheshire pete] 18/10/2019 08:44

Sense of scale anyone? Straw poll of thoughts:

If remain is 0 out of 10

Leave a la Farage / stonedyou is 10 out of 10,

May's deal 3 out of 10

Boris deal 3.5 out of 10, or is that being generous?

[alphorn] 18/10/2019 08:42

…"for us to support it?"

I did not know that you have a vote tomorrow grahamite. Lol


Poika seems to be the only poster here who has any understanding of the implications of the transition period. This subject is very far from over. The uncertainty over a withdrawal agreement will soon be replaced by a new uncertainty as to the future trade relationships. This will go on for several years. Start to finish I expect the whole business to have a cost the UK a decade.

[maxk] 18/10/2019 08:31

The resignation of cabinet ministers Dominic Raab and Esther McVey have thrown a spanner in the works.


Boris tried to put nu lipstick on May's pig, but a pig is still a pig.

[mitchy] 18/10/2019 07:07

I closed my position yesterday for a modest gain. To worried about the Remain Westminster scupperingthe Boris grand design. There's been no mention of the £39B as well which probably means he's sold us down the river to save his Conservative party ahead of the next general election. Not to mention the huge back hander he's ,no doubt , promised to the Irish to get them on side. Bottom line ....Nobody trusts Boris . In the end that will be his undoing ...and Brexits. Hope I'm wrong for the UK's sake.

[xxxxxy] 18/10/2019 06:20

I am going by whatever JRM says. Great bloke. Rare honest politician.Think should have sold yesterday for small profit. But seduced by longer term gains of divs plus exponential share price. Greed may have a price.LEAVE and LEAVE and LEAVE

[xxxxxy] 18/10/2019 06:11

Ostriches don't fly.

[xxxxxy] 18/10/2019 06:07

Deal or no deal?By JOHNREDWOOD | Published: OCTOBER 18, 2019The Withdrawal Agreement is unchanged, so I have no need to update my comments on it which set out the problems with it, especially concerning the powers of the ECJ and the money.The Political Declaration is improved. It now makes it clearer that any joint military actions requires the consent of the UK government. More emphasis is given to basing a future trade relationship around a Free Trade Agreement.The Declaration whilst confirming we become an independent coastal state for fishing purposes puts our fish back into play with the prospect of a new fishing quota and access based agreement with the EU.It suggests the future agreement is based on an EU Association Agreement, designed to get countries to converge with the EU prior to joining. This is not a good model. The ECJ remains supreme over issues of EU law in any dispute.The reworked Northern Ireland protocol raises the issue of how could Northern Ireland extricate from following EU rules and customs practices?This is an important question, as this draft Withdrawal Treaty does not have an Article 50 allowing unilateral exit .

[bargainbob] 18/10/2019 04:01

Yes K38 ,

We welcome immigrants like you .

"
0 1 0
Bob


Doesn't worry you your leader and SNP commitment to.. all foreign nationals are welcome to Scotland to work and have the same rights as any other Scottish born, even the right to vote in elections..?


You know what that means, don't you."

[jordaggy] 18/10/2019 02:30

(Bloomberg) -- For a while there, investors and analysts got a taste of what’s in store if they ever escape the long shadow of Brexit. Unfortunately, most of them think freedom is still a long way off.

Assets across Europe briefly surged on Thursday as markets embraced the news that a Brexit deal had been struck in Brussels. But as traders assessed the obstacles ahead, the giddy mood faded. The deal -- struck just in time to present to EU leaders as they gather in Belgium’s capital -- still needs the approval of the British Parliament. Northern Ireland’s DUP, whose votes may be key, have said they will not back the accord.

“It might not be time to pop open the champagne quite yet,” said Jim McCormick (NYSE:MKC), the global head of strategy at NatWest Markets. “But even if it is voted down by U.K. parliament the Tories will have a stronger hand heading into a general election. The dynamic clearly changed.”

Here are some early reactions from investors and strategists across Europe:

Petr Krpata, chief currency strategist, ING Bank:

“The deal announced but the key hurdle of the deal being voted into the U.K. Parliament remains. With the DUP not changing its position, it is questionable whether the deal will get through the Parliament. There is now risk the current deal will have the same fate of Theresa May’s.”
The potential for sterling to rally is “watered down by the DUP comments and the subsequent uncertainty about the outcome of the Parliamentary vote.”
Nick Wall, portfolio manager, Merian Global Investors:
“The worst case scenario seems to be off the table in this Parliament and probably in the next if Johnson gets a majority. A near-term deal approved by parliament would probably help risk assets the most, but a setback should be short lived.”
Seema Shah, chief strategist, Principal Global Investors:
“Investors should not be too enthusiastic as the endless negotiations and uncertainty over the past three years will take its toll on the country. Even with a Brexit agreement, the country will suffer a lot of economic pain as a result of the exit from the bloc.”
Uwe Maderer, head of fixed income, LBBW Asset Management
“Brexit cliff edge seems to be over and that changes the market dynamics a bit, although the Parliamentary vote is still pending. The political will has clearly changed towards achieving a deal.”
“The deal as it is all about goods and not services and only a low level of alignment with EU standards. That is clearly negative for longer term growth in the U.K. but surely better than no-deal and a WTO-based relationship with the EU.”
Lars Kreckel, global equity strategist, Legal & General Investment Management:
“It’s impossible to trade the twists and turns of the news flow. Generally, the stronger pound is bad for FTSE 100 versus other markets, but some of that should be offset by international flows returning to U.K. equities.”
Jim McCormick (NYSE:MKC) at NatWest again:
“What is different is that no one sees kicking the can down the road as an option any more. So old red lines are less red. I’ve been bearish on German fixed income and this is certainly supportive. You may be seeing start of dollar turn as well. European political risks have been a dollar boost.”
Jane Foley, head of currency strategy, Rabobank:
“We have to remember that PM May had a deal too.”
Andreas Meyer, portfolio manager, Aramea Asset Management:
“An important political obstacle seems to be resolved that paralyzed the market. However I do see essential residual risks, whether Johnson is able to push the deal through at home. That means more surprises might be ahead. Further cooperation with the EU (and not a hard deal) increases the likelihood that regulatory requirements for banks and insurance companies will be taken over by U.K. institutions and the stability of issuers will be maintained. I like to invest in HSBC, Lloyds (LON:LLOY), RBS (LON:RBS), Barclays (LON:BARC) and now the bold Brexit stamp, which influenced them, is significantly weaker.”
Ricardo Gil, head of asset allocation, Trea Asset Management in Madrid:
“The deal is positive as it removes uncertainty that was weighing on the market, although most of the optimism may have already been priced in. I don’t expect to increase our exposure to equity following the deal, but we will go longer on banks.”
Artur Baluszynski, head of research, Henderson Rowe:
“Big win for Boris. If he manages to get it through parliament, we should see a wave of risk-on trades coming into U.K. market.”
Michael Hewson, chief market analyst, CMC Markets:
“Market volatility is likely to continue. The U.K. and EU say they have a deal, but the DUP isn’t on board, so there’s little chance of it getting through the House of Commons. Why claim there’s a deal?”

[jordaggy] 18/10/2019 02:28

CtR, "Was that part of the Orient Express line?"

I don't believe it was;) it was a rickerty rackerty old train - and slow, but a lovely ride through the jungle.

[k38] 17/10/2019 23:19

lol... Farage wants out without a deal, but I listen what he has to say earlier and he, not very happy, has no objection to this deal, otherwise this will never end.

[k38] 17/10/2019 23:15

The useless "happy family" BBC as usual doing speculations and still promoting extensions, second referendums or cancel altogether Brexit.

[minerve 2] 17/10/2019 23:14

Well Fish Face Farage isn't happy but then again maybe his tart didn't give him a BJ last night.

[k38] 17/10/2019 23:11

Sky now agree, Boris Johnson deal is not thesame as TMs deal. I am going to listen now to BBC and see if they 'agree' too...;))