Member Info for hardup

The Bank of England is right to draw a distinction between the UK and US inflation outlook, and we expect the first rate cut to be in August or maybe even June. Sterling could come under greater pressure, but we think this is less of a concern for the BoE now than it was in 2022 or 2023.

The Bank of England is turning dovish.

The Bank of England is trying to tell us something, and markets are finally starting to take notice.

Bank of England Governor Andrew Bailey has hammered home the message that the UK’s inflation outlook is “rather different” to the US. That sentiment was echoed by Deputy Governor Dave Ramsden last week who said that the UK is “catching up fast” on disinflation, a significant intervention from one of the more hawkish members of the committee.

Up to now, investors had been expecting the Bank of England to largely mirror the Fed on rate cuts this year, despite growing divergence between Fed and European Central Bank expectations. UK services inflation (6%) is noticeably higher than the US (5.3%) or eurozone (4.0%) and investors have understandably found it hard to see the BoE being able to cut ahead of the Fed.

But that’s changing. Investors now expect two rate cuts in the UK this year, starting in August. This repricing could have further to run.

https://think.ing.com/articles/bank-of-england-set-to-cut-rates-before-the-fed-as-officials-turn-dovish/

"Sub 50p by Friday....IMHO-DYOR"

So are you going to short Lloyds again today Falky?

SUFC.....you are forgetting Lloyds went ex dividend on 11th April taking 1.84p of the share price. That has not been lost, you will get that back as dividend payment in May. Natwest or Barclays SP has not been taken down by going ex dividend in the last month.

"We need the British equivalent of Putin, to sort out this country out!"

We need another Margaret Thatcher to sort this country out!

5percent.....Q1 update on Wednesday.

Brixton

Do you think Nigel will join Reform? Or Conservative after they get trashed at the election?

Brixton

Do you remember posting this......."Lloyds should stick to banking only , buy backs only , no divi's, no acquisitions." 🤭

After 40 trading days, buyback complete to date:

Total shares to date....................................................917,488,469

Aggregate cost to date... ........................................... £457,461,647.26

Average price paid to date..........................................49.8602

Percentage of £2 billion buyback completed............22.87%

ForensicBloo.....no I do not hold any Tesco shares.

FWIW JP Morgan have raised Lloyds target price.

JPMorgan raises Lloyds price target to 50 (45) pence - 'underweight'

"We need to keep the commies out, and under the thumb!"

And that coming from the man who is going to vote for the Workers Party of Britain at the forthcoming General Election!! 🤣🤣🤣

Sean1986......NSWT, is that Northwest Copper Corp?

"Lloyds banking Group 118 comments today"

And I have 22 green boxes on my screen today so 22 of those comments were from ImaRight! He must have been frothing at the mouth and boiling in his own pi55 yesterday! I highly recommend those who have not already filtered him just filter the psycho as I have.

After 39 trading days, buyback complete to date:

Total shares to date....................................................903,044,051

Aggregate cost to date... ........................................... £450,034,746.41

Average price paid to date..........................................49.8353

Percentage of £2 billion buyback completed............22.5%

After 38 trading days, buyback complete to date:

Total shares to date....................................................881,848,587

Aggregate cost to date... ........................................... £439,302,253.65

Average price paid to date..........................................49.8161

Percentage of £2 billion buyback completed............21.97%

Derfel

I was thinking the same, but there is a difference between now and then. In 1991 the western led coalition were actively engaged in fighting Iraq so there was no need for Israel to get involved as there was coalition troops on the ground fighting Iraq. This time Israel is isolated in that Iran is not in conflict with anyone else, and Biden has unequivocally told Israel that if the do respond against Iran the US will not get involved so they would have to do it alone.This may be enough to make Netanyahu bite his lip and do nothing.

After 37 trading days, buyback complete to date:

Total shares to date....................................................872,370,655

Aggregate cost to date... ........................................... £434,477,303.85

Average price paid to date..........................................49.8042

Percentage of £2 billion buyback completed............21.72%

Https://www.lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2024/q1/2024-lbg-q1-consensus.pdf

After 36 trading days, buyback complete to date:

Total shares to date....................................................825,079,081

Aggregate cost to date... ........................................... £410,601,679.80

Average price paid to date..........................................49.7651

Percentage of £2 billion buyback completed............20.53%

Falky......

"One day i will get it 100% right.....Never Mind"

But you were telling us all 5 days ago you get it right 100% of the time?

"100% of my calls regarding lloyds were genuine and right....everyone here knows my calls."