Brexit Deal29 Dec 2020 10:00
It intrigues me that some banks are down more than most today as I follow quite a few of them and I read the Brexit deal as an extremely good deal.
Services weren't mentioned in the deal imvho because they are intangible. You can't see them, you can't feel them and you can't tariff them. They are not fish, cheese, wine, beef, cars. That is why. In reality a storm in a teacup that has enabled some to load up with LLoy shares.
If we had a no deal then I would expect the price to retrace, not with a good deal and leaving on friendly terms. The present deal is good for business as it enables all to now plan with certainty and that is to the benefit of banks and lending.
|What is more is that the Oxford vaccine approval and mass roll out is highly imminent giving us the potential for a swifter return to normality. Again the swifter this is done the lesser banks will have to deal with banktruptcies and bad debts.
I took the opportunity for a top up at just under 37p.