Lloyds Banking Share Discussion Threads

[vlad the impaler] 27/6/2024 10:50

be no mercy

im blood-thirsty this fine morn

[vlad the impaler] 27/6/2024 10:49

Morning all

Lets have a crash today. Im tired of seeing it above 8200s

My impaler is sharpened

[jordaggy] 27/6/2024 10:46

Okay, 'sharp correction' how sharp exactly?

Financial markets at risk of 'sharp correction', warns Bank of England
Newsflash: The Bank of England has warned that financial markets remain at risk of a sharp correction.

In its latest financial stability report, the BoE says that high inflation, or geopolitical risks, could trigger a selloff.

The Bank says risks to the UK financial system are “broadly unchanged” since the first quarter of the year.

But some asset prices have continued to rise, it points out, while the risk of a sharp correction persists.

European markets are up around 8% so far this year, while the US Nasdaq Composite index has surged by 18%.

The report, which is designed to track the stability of the financial system, says:

The prices of many assets such as shares and bonds remain high relative to historical norms, and some have continued to rise. This suggests that investors in financial markets are continuing to expect the economy to recover and inflation to fall. They are placing less weight on risks, such as geopolitical developments or continued high inflation, that might cause weaker growth or interest rates to stay higher than expected.
These risks make it more likely that there could be a sharp correction in asset prices that could ultimately make it more costly and difficult for UK households and businesses to borrow.

The report also warns that

Global risks are material, including geopolitical risks, which remain high.
Overall, UK households and businesses have remained resilient to the impact of higher interest rates.
The UK banking system is strong enough to support households and businesses, even if the economy does worse than expected.

[freddie01] 27/6/2024 10:37

Lloyds boss says 'don't expect mortgages to return to ultra low rates'


Homeowners with mortgages should not expect a return to the ultra-low interest rates enjoyed in the aftermath of the global financial crisis, Lloyds Banking Group PLC (LSE:LLOY) boss Charlie Nunn said.

The chief executive of the UK's biggest lender also said that whichever party wins next week's general election will be extremely limited in how much they can invest due to increased levels of government debt in recent years.

"We should just accept the government can't pay its way out of this next stage," he told Sky News.

The UK is not the only country to see its government debt swell in recent years, but Nunn said the US in particular can pay its way out as even though its ratio of public deficit to GDP ratio has risen to 7.5%, the economy is growing at above 3% and the US dollar has a unique position as the world's reserve currency.

Nunn pointed out that once the Bank of England cuts interest rates, the short-term impact will reduce the cost of government debt and make the cost of borrowing for businesses short term more attractive, but will "take longer to feed through" to an impact on UK consumers.

After a decade where mortgages have been in the 1.5-2.5% range, he noted that market don't expect the Bank Rate to fall below 3.5%, meaning mortgages, "or the new normal for mortgages, will be in that 3.5-4.5% range, not 1.5-2.5%".

[wsm812] 27/6/2024 10:32

Stock market fall definitions:

A stock market crash refers to a drop of 20% or more from a recent high.
A stock market "correction" refers to a drop of 10% or more.

[wsm812] 27/6/2024 10:30

hxxps://www.bankofengland.co.uk/financial-stability-report/2024/june-2024

Or this one? Still no reference to a crash

[wsm812] 27/6/2024 10:27

hxxps://www.bankofengland.co.uk/financial-policy-summary-and-record/2024/june-2024

Do you mean this jordaggy? Can't find a reference to a crash

[scruff1] 27/6/2024 10:12

TrickyAbsolutely bang on

[jordaggy] 27/6/2024 10:07

Blimey, the BoE have just released their latest views on the economy and they don't seem overly optimistic. They say crash maybe on the way...buckle up.

[bulltradept] 27/6/2024 06:57

Not sure if this has any relevance to the election but I know a guy who sells face masks with party leaders faces on.

Anyway, Sunak not selling too many, Starmer, loads, but Farage's face mask sells have surged.

[careful] 26/6/2024 21:48

Sunak did quite well. He was targeting the potential Reform voters.
The Reform supporters and the undecided are the key to this election.

So many undecided, and Reform supporters must be intelligent enough to know that voting for Reform will give Labour a landslide.
Is that what they want, probably 10 years of Labour?

I think that Reform supporters will wobble on the night.
Nigel is anti EU. and a vote for him will probably mean Brexit will be partly reversed.
They are right wing and about to hand Labour a great gift.
I voted for Boris last time although I thought he was an idiot and I was a remainer who did not want to get Brexit done.
But Corbyn? Never.

This election will be much closer than the polls suggest.
Very complicated tactical voting.

[geckotheglorious] 26/6/2024 20:58

More borrowing, more national debt

And if you own anything,we're gonna tax you!!

Didn't bother watching cos so obvious what's going to happen

1970s all over again

[scruff1] 26/6/2024 20:40

Fully funded and costed

[scruff1] 26/6/2024 20:40

Fully funded and costed

[scruff1] 26/6/2024 20:39

Fully funded and costed

[diku] 26/6/2024 19:52

Rishi just keeps on repeating labour will increase taxes taxes taxes...and Rishi will cut taxes taxes taxes...

[diku] 26/6/2024 19:47

Both keep repeating the answer over and over again and the mediator not stepping in...time wasted...

[diku] 26/6/2024 17:41

Final debate tonight between the 2 leaders...Rishi and Starmer...so the other party leaders are irrelevant...media decides...

[utrickytrees] 26/6/2024 16:34

Assange was the first to introduce the concept that all these US wars are undertaken to syphon tax dollars into the pockets of the beneficiary's of the military industrial complex, that's really what's behind the rape allegations and flakey US charges.

[hardup1] 26/6/2024 16:28

After 85 trading days, buyback complete to date:
Total shares to date........................1,736,592,540
Aggregate cost to date... .................. £899,805,018.73
Average price paid to date..................51.8144p
Percentage of £2 billion buyback completed..44.99%