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With public sector debt to £2.2tn at the end of June.
The question should be, with UK plc doing fairly badly with record borrowing, with many commentators claiming the UK did really well in June we only borrowed 22 billion, and with corporation tax rising to 25% this will only make a small dent into the borrowing.
Only a matter of time before the BOE has to do another round of printing money, yet the pound is holding fairly stable over the last 5 years v the dollar.
How and why is the pound improving v the dollar?
BIG YAWN @ Victor Meldrew (aka Porsche1946) - please change the record, it repetative and boring - and once you have changed the record you can go back to watching one foot in the grave.
HSBC shareprice has a strong correlation with £/$ …. £ is going up HSBC goes down … locally.
He's a WUM who's been stung by HSBC and is bitter as hell and can't bare to see the SP increase, so jumps on here (and other forums) any time it is down to feed his ego and so he sleeps better at night.
Why someone would waste time on a share they're not invested in is just baffling and downright sad.
HSBC will be absolutely fine. I have a number of friends who work for the company (one v. senior) and they are all maxing out their share contributions at the moment (along with their colleagues) knowing that this will be the cheapest they see them for the foreseeable.
A positive restructuring, covid finally fizzling out, very good Q2 results, Divi returning, economy improving, I could go on.
After a very turbulent year and a half, this share will finally reap rewards. I intent to leave mine for many years (in which the dividend payments will probably cover my investment alone).
Porche guy's comment seems to have been written several times. I think it is probably crap. HSBC has been in China for hundreds of years, do not think you know how business operate in China. With sanction being removed on Iran by USA soon, Huawai's issue relating to CFO, Mrs Meng, will be resolved accordingly. It was all Trump's crazy move. USA and China will have to work somehow together soon.
@porche - I ask again, why do you invest so much time in a share that you are not invested in? Sad, sad person.
You'll be nowhere to be seen when this is back to 500p, just like the rest of them.
Got to feel sorry for you really.
Screaming short. Wow, did I call this or what. There is no way the chinese will allow a UK domiciled bank to dominate trade finance in HK. Hsbc lose money everywhere except Hk/China. U.K. is a mortgage book that soaks up capital for a hopeless return and its european arm loss making. Chinese are already turning the screw on Hsbc for ratting out the huawei exec. This will end up with a 2 in front of it. U.K. is uninvestable anyway, index is a joke, stick to investing in the USA but trade the UK ( short ) . I made a serious six figures shorting Aston Martin from just under 18 quid .45p, the UK is a sell and if you time it right you can win big. The other shorts are Iag and Rolls Royce, both will end up with state bailouts. It’s so bad its funny.
Yes, with shares tanking 15%+ in China, I feel like we come out of it pretty unscathed. As they rebound, we announce results and Divi, we should finally have a few catalysts to send this flying. Also a possibility of SP manipulation before divi announcement. Hang on for dear life. I've just topped up for the fourth time this year.
It could be related to drop in HK where there has been drops for several days. I guess we see rebound soon as market was affected by China targeting educational stocks, causing general malaise.
Why the sudden drop?
Anyone know why Google has us 1.6% down today after close? Assuming it's just a glitch with all other sites quoting us 402.90
Bounced nicely today. Need to consolidate now over 400p before a move up.
Lets hope so my friend, we need it atm.
Just hope theirs a lot of fortune cookies being consumed over on Kowloon, with some positive suggestions saying "Buy HSBA shares asap"
Their I.B reshuffle is literally shuffling atm