Lloyds Banking Share Discussion Threads

[asa8] 03/2/2023 07:52

Don’t worry it’s only going to be a short recession Sunaks got a plan lol more net zero

[asa8] 03/2/2023 07:50

Don’t know why people having a go at shell there in business to make a profit they don’t make the rules if this useless government negotiated an end to the Ukraine war we wouldn’t be in this mess

[xxxxxy] 03/2/2023 07:26

The Bank of England offers no compelling understanding of inflationFEBRUARY 3, 2023 8 COMMENTSThe Bank of England did not apologise for the massive overshoot in inflation. Hiking interest rates to 4% for no particularly good reason and dodging the big issue of selling bonds at a loss, the Bank did say "Our job is to make sure that inflation returns to our 2% target". So they accept inflation is their responsibility and they have the tools to do the job, but offer no explanation that makes sense for why they did not keep it to 2% inflation in the last two years.They blame the higher energy prices and higher import prices the UK has faced. They do not ask themselves why China, Japan and Switzerland facing those same rising world prices kept their inflation down to 2% for China and to under 4% for the other two. They do not explain why they kept rates so low and why they kept creating money and buying bonds as they watched energy prices soar. They do not explain why UK inflation hit 5.5% before Putin invaded Ukraine.  They do confess they let demand outrun supply. They do not comment on the £150bn of Quantitative easing bond buying at crazy high prices they did in 2021 when some of us were urging them to stop.On their central forecast they have  now slowed the economy so much this year that inflation will fall well short of the 2% target by 2025. Why? Why do the extra damage to demand and ,jobs so you generate lower inflation than  needed and worse jobs and output? We need always to bear in mind that a year before inflation took off they were confidently forecasting it would stay around 2%.They think the longer term growth capacity of the economy has slowed again to just 1% a year. The government needs to adopt policies that prove them wrong. The Bank itself needs to revise its forecasting models and give a more prominent role to money and credit. The Monetary Policy committee fails to report to us on how much money and credit creation there has been and has  no targets for anything to to do with money. No wonder they find it difficult to get it right. ... John Redwood

[utrickytrees] 03/2/2023 07:13

Rock on..? Does anyone outside the nursing home actually have the faintest idea what your on about? 'Cut loose biatch' might be better moving forward.

[hardup1] 03/2/2023 05:50

Markets rise on hopes of inflation fall.

Markets rallied yesterday as investors bet that the Bank of England was nearing the end of its restrictive monetary policy after more than a year of firefighting high inflation.

UK government borrowing costs fell to a three-month low and stock prices rose after Andrew Bailey, the Bank’s governor, who has been battling the highest price rises in 40 years, said there were signs that inflation was “turning a corner”.

The Bank’s monetary policy committee raised interest rates by 50 basis points to 4 per cent, in line with market expectations. It upgraded its growth forecast, indicating a shallower recession than previously predicted for 2023.

Bullish investors now expect big central banks to end their aggressive monetary policy action by next month as falling energy prices improve economic conditions. On Wednesday the US Federal Reserve hinted at one more rate rise, while the European Central Bank said it would carry out another tightening next month.

Two-year gilt yields, which are sensitive to interest rate changes, dipped 23 basis points to 3.2 per cent, the lowest since November. Yields on the ten-year gilt, a proxy for the government’s borrowing costs, fell from 3.3 per cent to 3.06 per cent, a two-month low. Investors also sold the pound, which fell by 0.7 per cent against the dollar to $1.22, while FTSE 100 stocks rose by 0.7 percentage points.

Despite the MPC saying that wage growth could push inflation higher, investors “have become much more confident on a decline in inflation going forward”, Derek Halpenny, head of research at MUFG, the Japanese bank, said. The market reaction came after a doveish response to the Fed’s decision to raise interest rates by 25 basis points.

“The MPC is clearly more concerned about inflation, given the stronger risk bias, but with investors more convinced of a turn lower in inflation than at any time since the global inflation shock emerged, it seems more likely than not at this juncture that market participants will assume the upside risks will not be realised,” Halpenny said.

Money markets are pricing in one smaller rate increase from the Bank in March, then cuts to monetary policy by the end of the year. The Bank’s medium-term forecast shows inflation falling below 2 per cent, suggesting that monetary easing may be required to prevent disinflation taking hold by 2024.

Analysts said there was a growing likelihood that the Bank would pause on further rate rises, after lifting interest rates from close to zero to 4 per cent over 14 months. Benjamin Nabarro, at Citi, said an inflationary surprise was unlikely between now and the Bank’s next meetings in March and May.

hxxps://www.thetimes.co.uk/article/markets-rise-on-hopes-of-inflation-fall-zj3z5hmxd

[jordaggy] 03/2/2023 01:54

JJ, when figuring 'things' out, bare in mind that there is no connection between stock market indexes, exchange markets and the 'real' economy, ie, money in peoples pockets. With this realisation, you will find 'things' much easier to fathom, just like God, markets work in mysterious ways ;)

[aceuk] 02/2/2023 23:03

US debt ceiling machinations introduced huge amounts of liquidity via Yellen's extraordinary measures so the US government can continue paying its bills until June 1st.

[polar fox] 02/2/2023 21:50

jj,

Investors are betting that interest rates are close to a peak - so says the FT.

You can take it from there and figure it out.

[jubberjim] 02/2/2023 20:22

Help

I'm a big old bear and if this carries on I m going back into hibernation

What is behind this movement up today

I didn t think the Boe raising rates would have this effect

Very confused

Int rate raised STG getting sold off contrary to my expectations

Stockmarket moving up again contrary to my thoughts

What am I missing here

Would appreciate some insight as is beyond me

Thanks

[diku] 02/2/2023 20:09

Think most brokers had VOD on buy list all the way from 200p to 85p...

[mr.elbee] 02/2/2023 19:15

yes which is why it is mostly useless

[jl5006] 02/2/2023 19:10

all I say about the negatives - just put ur point of view.
Guess Arja has a pointless point of view. Sad

[xxxxxy] 02/2/2023 19:07

Watch "Delilah..... By Bridgend Male Voice Choir.... Feb 26th 2016... Wales v France, Millenium Stadium." on YouTubehttps://youtu.be/E8RzL-BdpKU

[estienne] 02/2/2023 18:58

Isn't that what most forecasting does?

[hardup1] 02/2/2023 18:02

babyal.....you have copied and pasted that from hxxps://poundf.co.uk/. All of their share price forecasts are based purely on computer algorithms based on current share price trend. If and when Lloyds share price starts going down again then their price forecasts go down and continue going down as the share price falls. And the same when the share price starts rising then their predictions all start rising again. Their forecasts should be taken with a VERY LARGE pinch of salt.

[babyal] 02/2/2023 17:49

Lloyds Share Price Forecast For 2023, 2024 And 2025Month Open Min-Max Close Total,%2023Feb 52.98 51.39-60.19 58.44 10.3%Mar 58.44 56.34-64.41 62.53 18.0%Apr 62.53 62.53-68.92 66.91 26.3%May 66.91 66.91-73.74 71.59 35.1%Jun 71.59 68.65-72.89 70.77 33.6%Jul 70.77 65.05-70.77 67.06 26.6%Aug 67.06 67.06-73.39 71.25 34.5%Sep 71.25 64.96-71.25 66.97 26.4%Oct 66.97 61.85-66.97 63.76 20.3%Nov 63.76 63.76-67.98 66.00 24.6%Dec 66.00 59.54-66.00

[babyal] 02/2/2023 17:47

I'm expecting 70p by August barring anymore wars, life changing votes or diseases manufactured in Chinese laboratories. With interest rates rising bank profits should be pretty good. Just my opinion.

[geckotheglorious] 02/2/2023 17:36

Smurfy
BOE is deluded.

We close in on the debt doom loop.
As does much of the world.

[geckotheglorious] 02/2/2023 17:30

hardup1
Post 383305
"Welsh RFU has been overtaken by wokes! They are going to ban the singing of Delilah by their fans at their games because it allegedly "promotes violence towards women by men". Utter tosh!"

Tosh indeed.

I hope the Taffies sing it in the Stadium - as indeed I hope ALL Rugger fans do every time they're in Cardiff.

[smurfy2001] 02/2/2023 17:12

Bank of England boss hopes worst of economic crisis over