Royal Bank Of Scotland Share Discussion Threads

[leedskier] 20/10/2017 06:38

David Buik‏
@truemagic68

European opening calls update courtesy of CMC MARKETS - FTSE100 +25 at 7,548, DAX +45 at 13,035, CAC40 +22 at 5,390 IBEX unchanged at 10,197

[dbesim1] 20/10/2017 00:01

Hi guys, because 62% of Scots voted to remain in the EU and Nicola Sturgeon is adamant that the UK should stay in the single market, I don’t know if Scotland (or Northern Ireland too possibly) will be able to come to some sort of separate trade agreement with the EU to negotiate their needs. Scotland and England seem to want different things.

Expert urges snp to speak out and demand a halt to Brexit:

[maxk] 19/10/2017 20:52

innit, please do it rite!

[leedskier] 19/10/2017 15:25

Mind you given this story why would the Americans want to invest in the UK?

[leedskier] 19/10/2017 14:50

In which case he better hope that there will not be another kristallnacht.

[leedskier] 19/10/2017 14:48

Lloyd Blankfein ‏Verified account
@lloydblankfein

Just left Frankfurt. Great meetings, great weather, really enjoyed it. Good, because I'll be spending a lot more time there.

[smurfy2001] 19/10/2017 14:26

Interest rate rises as credit is at the highest levels.

[right honorable lord lucan] 19/10/2017 14:16

Planned or manipulated?

[largeronald] 19/10/2017 13:41

Very true - which is why the touted interest rise will no doubt get kicked further down the road.

[maxk] 19/10/2017 12:27

You cant have it both ways.

If peeps start to moderate the plastic, bang goes economy. There is nothing else to sustain it.

[leedskier] 19/10/2017 12:10

Here’s Jeremy Cook, chief economist at WorldFirst, on the retail sales slowdown:

“Uncomfortable questions have been raised about just where UK growth is going to emerge from in Q4. Consumption is the engine of the UK economy and the retail sector, which hammered by a weak pound, tighter margins and customers beset by real wage declines are in the eye of the storm at the moment.

“We will find out in the coming months whether this is consumers holding off on purchases in preparation for Christmas, or whether the Bank of England’s messaging on interest rate rises has been enough to keep some hands in pockets. We can but hope that this weakening sales pattern is also bringing about a slowing of the consumer credit expansion; retail sales in the past have been powered by a ‘buy-now-pay-later’ mentality and we continue to worry about a ‘buy-now-default-later’ reality.”

[raffles the gentleman thug] 19/10/2017 12:01

DoJ settlement soon folks and IMO hard to see incremental cost of this bringing book value down below current share price. And then given we should be left with a through the cycle profitable bank the question is what premium should they trade on. At least 300p feels reasonable

[leedskier] 19/10/2017 11:48

Weaker-than-expected retail sales growth pulls sterling down on the currency markets; sales growth contracted by 0.8pc in September weakening the pound by 0.3pc against the dollar at $1.3148

FTSE 100 reverses yesterday's gain; IBEX 35 plunges 0.9pc as Spanish government begins the process of suspending Catalonia's autonomy

Consumer goods giant Unilever sinks to the bottom of the index after missing sales growth forecasts; retreats 3pc early on, the firm blamed bad weather and hurricane season for the miss

[leedskier] 19/10/2017 11:46

GBP
Retail Sales m/m
-0.8%

[leedskier] 19/10/2017 11:29

281.05
+1.85 (+0.66%)

[leedskier] 19/10/2017 10:35

Q&A

Why is the UK keen to discuss a future trading relationship with the EU?

Britain wants to discuss its future trading relationship with the EU because 44% of UK exports go to, and 53% of imports come from, the EU 27 countries. Post-Brexit conditions of trade could, therefore, have a major effect on Britain’s economy.

The World Bank estimates UK trade with the EU in goods and services could fall by 50% and 62% respectively if no trade deal is agreed after Brexit, against 12% and 16% if the UK stays in the single market through a Norway-style agreement.

Clean Brexit campaigners say the shortfall can be offset through more trade with non-EU countries, but those who argue the UK must retain close links with the single market doubt this, certainly any time soon. Both groups want certainty.

However, the EU27’s negotiating guidelines for the two-year Brexit talks say discussion of the “framework” of a future relationship can only take place in phase two of the talks, once “sufficient progress” has been made on the separation phase and particularly the UK’s exit bill.

[leedskier] 19/10/2017 10:29

Well the £ is so cheap today that it may be a good bet for overseas traders.

[smurfy2001] 19/10/2017 10:19

I think this is pricing in advance a profit for the quarter? ;)

Just a guess.

[dope007] 19/10/2017 10:14

Which CB or CBs bought the dip?

[leedskier] 19/10/2017 09:36

The reason we are at this impasse is because Theresa May, who is no economist, put control of UK borders and EU migration at the top of the list rather than trade.

Why?

1. She thought by doing so 'white van man' would switch allegiance from UKIP to the Tories rather than to Labour. She got that one badly wrong.

2. Her days at the Home Office where there is an obsession about UK border control.

Drive across the Channel and one can travel around the EU without a bureaucratic care in the world.

The first time a passport will be checked will be on arriving back at Dover.

The Europeans see the EU as a seamless whole where free movement means what it says on the tin.

Theresa May wants the best of both worlds. She wants to control the borders and trade agreements.

The EU may tell her it is an either or situation.

Because Theresa May is in office but not in power -- even in her own Cabinet, she might duck out of choosing which she wants, and the stalemate will continue until March 2019.

[maxk] 19/10/2017 08:49

An EU transition deal is dangerous diplomatic fiction

By
Ambrose Evans-Pritchard

18 October 2017 • 7:33pm



"There are only three plausible options for this country: either we delay EU withdrawal (or try to, on abject terms) and end up reversing Brexit altogether; or we request a Norwegian-style model that preserves access to the single market and safeguards the City; or we leave on World Trade Organisation terms. All else is self-deception and a treacherous waste of time."