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...6 BofE MPCmeetings to come in 2024....plenty of focus on the amount the base rates will be lowered.....inflation should fall with the help of energy price cap i feel......however i'm only expecting 75bp will be the maximum cut this year ....wouldn't be shocked if it was less.....gla
888
Thing is Blob A Bailey has not got the balls to cut 1st
Probably wait for US or EU to cut 1st
With US strong Jobs report now waiting for CPI US looking less likely to cut soon. imo
I would not rule out UK cutting interest rates first. Most thought similar that UK would not start raising rates until the US started, but the UK were the first to start raising rates.
Hardup
UK were the first to start raising rates.
Be nice for the Blob to be 1st in class.
UK plc could do with a kick start instead of bobbing along
GLA
I think governor bailey is a secret Lloyds share holder and will keep rates on hold until August the longer the better for Lloyds shareholders
"Be nice for the Blob to be 1st in class"
A interest rate cut is a drop in profits for Lloyds 🤔
@ livestock 'A interest rate cut is a drop in profits for Lloyds 🤔
That's not necessarily true. Banking sector is also about the wider economy. LLoy is heavily weighted towards the UK high street and any improvement favours investors here. Apart for the potential of the business growing, there is less chance of loan defaults through high interest rates. Balance is the key. imo with all this world unrest the chances of returning to the historical low interest rates are zero.
@ leas
Agreed with your post
A small drop in interest rates will do wonders for UK Plc
Livestock.
The secret around Andrew Bailey, is how he keeps getting jobs that is is not qualified for: in any shape or form.
Imo the first cut will come in june 25bp max...gla
Leas
" there is less chance of loan defaults through high interest rates"
Governor bailey said last month county the doing fine with higher interest rates,
Charlie Nunn reckons a 0.25 percentage point rise will help net interest income by about £225m in the first year, £300m in the second year and £425m in year three
So with a rate cut Lloyds profits will fall doesn't mean the SP will drop
C432
''A 0.25 % cut is not going to mean inflation will come roaring back , but the effect on the UK economy will be vast.''
There is a danger in cutting base rates too soon. The economy appears to be doing OK at the current level of base rate.
It is a possibility that the base rate could be decreased from the current level this year , but will be a lot less than the many cuts that some were anticipating 6 months ago.
Base rates will be data dependant.
Brix
have you anything of worth to say ? - it would be a first.
Enjoy you cash earning an average 4% after a year
Talking of ISAs does anyone have a halifax share dealing account if so does anyone know the best route to transfer stock into their ISA share account from their normal share account.
Can be expensive waiting for a crash in a market that is still cheap - what I posted on the SHELL board -
" I have a location that clearly seems to be undervalued,” he added.
He said Shell's current undervaluation presented "a fantastic investment opportunity".
“I will keep buying back those shares, and buying back those shares at a discount," he added.
https://www.proactiveinvestors.co.uk/companies/news/1044773/shell-threatens-to-quit-its-london-listing-for-new-york-1044773.html
Ll
the only route is to sell and repurchase within the ISA - you need to contact them as to whether they have a fast efficient mechanism set up available to you.
Hi Lucky
I did a transfer from my CMA to my ISA a few years ago & I contacted them via the Chat service in my account. I requested them to sell in my CMA & repurchase in my ISA.
I cannot remember how much it cost but I was a straight forward sale & repurchase. If you contact them by secure Chat in your account they will advise.
If Shell quits London, for NY, it really will be a devastating blow for the London stockmarket. Maybe a knockout blow.
Having said that, Shell today is only about -10% undervalued, compared to Exxon and Chevron by PE ratio. The valuation gap for oilies is nowhere near the colossal 10x gaps found in the tech world (such as ARM, etc.).
Halifax do apparently offer a Bed & ISA service. Whichever method you use, you have to sell your shares in the standard account and rebuy in the ISA, so stamp duty applies.
Sk1
''Having said that, Shell today is only about -10% undervalued compared ''
that is a matter of opinion, but the fact is as I posted on the Shell board, the current market cap is about 30% blow that of about 6 years ago
Sk1
''If Shell quits London''
I imagine at this stage, he was simply highlighting how cheaply investors can pick up UK stocks for - SHELL are certainly making the most of a low valuation, as is Lloyds Banking Group.
Cheers all thats how i have done it in the past was just wandering if you could transfer them for a fee . I will chat with them via the bot !
C@ckneys have been quitting London for years, so will every tucker else.
Skier
Without doubt, poor investor sentiment since the Brexit Referendum and the general UK macro backdrop over the past few years have plunged UK based equities into record discount territory compared to alternative Global stocks.
SC
'' since the Brexit Referendum ''
ffs - give it a rest and at the same time THINK