Rather than being the globally destructive event - from all the vested interest groups in the status quo - a US senior banker suggesting
US rate rise on table - and as a side - saying Brexit not internationally significant
From BBC business live
Federal Reserve Bank of St. Louis President James Bullard has hinted that a US rate hike in June is on the cards.
In an interview with the BBC, he says: "It’s been a good thing that the market probability has moved off the very low levels that it was 6 to 8 weeks ago. It’s come up to something that’s more positive and probably better reflects the reality of the probabilities going into the meeting."
He also doesn't believe the risk of the UK leaving the European will affect monetary policy.
"As far as a global financial event, I’m not sure that this is really all that critical," he says.
"It is certainly important for the UK strategically... but in terms of global financial markets and the way has to Fed behave or not behave, I’m not sure it has much impact on that."
Would be nice to just hold Lloyds shares. Sadly for the past year or two I see Lloyds as a bit of a bunny share goes up and down but not really going anywhere. For now, I'll book profits when I can, waiting for that illusive trend when you can go to sleep on the share and enjoy the divi's but not yet. I guess the share drop over the last couple of days is somewhat expected, has had a good run, bit of profit taking, fear of the 73.5 and govt offloading a few shares, recent fund raising request from the Spanish banks, Yellens speech which is forecast to be doveish. Who knows, perhaps this share is manipulated. Barclays is up cos one of the analyst upgraded it, yesterday I think to a most generous price of £220.
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