Member Info for livestock

I would be happy with a base rate 5%

22 years ago I had a Halifax repayment mortgage with no penalties for overpayments, I paid it off in 10 years

GL

It looks like markets are pricing for rates to be raised once more to peak of 4.50% most probably in May before cutting in 2024

Governor bailey hikes rates another 25 basis points

Great for Lloyds investors

FTSE 100 is expected to open lower after US stocks tumbled following mixed messages from US officials after the Federal Reserve opted to increase interest rates despite turmoil in the banking sector.

Spread betting companies are calling London’s lead index down by 26 points

TopSharePicker
Looking at the technical analysis chart for IAG its the head and shoulders formation occurring looks very bullish

The Civil Aviation Authority (CAA) said an “unacceptable” 37 per cent of flights were at least 15 minutes late in 2022.

That is up from 17 per cent in both of the preceding two years and 25 per cent in 2019, before the coronavirus pandemic affected air travel.

Among the 10 busiest UK airports, Glasgow had the highest proportion of cancelled flights at 2.5 per cent , followed by London Heathrow with 1.7 per cent .

https://www.cityam.com/londons-heathrow-gatwick-and-luton-airports-were-not-worst-offenders/

Today's inflation figures have shown governor bailey will hike rates again another 25 basis points will add another 175 million to Lloyds loan book, brining this to a total 2.975 billion
Higher earnings will drive the share price up

Scott Barton, Managing Director, Lloyds Bank Corporate & Institutional Banking, added:

“As demand strengthens, management teams will need to shift their attention to building capacity. While staffing will be a critical aspect of this, so will be the timing and structuring of investment flows. The key will be to manage the impact on available working capital. With strategic planning and prudent financial management businesses can position themselves for sustainable growth.”

Jeavon Lolay, Head of Economics and Market Insight at Lloyds Bank Corporate & Institutional Banking, said:

“February’s data underlines the economy’s relative robustness, and gives some reasons for optimism for the year ahead. While inflationary pressures are still acute and households continue to be cautious with spending, a healthy labour market is helping underpin confidence and demand.

“However, it will also play a crucial role in inflation’s future trajectory. A persistently tight labour market could maintain, or even accelerate, wage inflation. Its prospects will inevitably form a key part of the Bank of England’s rationale as to whether it decides to pause or hike interest rates again on Thursday.”

More UK sectors reported an increase in output than at any time in the past 10 months in February, as stronger demand and weaker cost inflation drove activity, according to the Lloyds Bank UK Sector Tracker.

Of the 14 sectors monitored by the tracker, 11 saw output expand in February (vs. 6 in January) – the highest number since April 2022. A reading above 50.0 on the Tracker indicates expansion, while a reading below 50.0 indicates contraction.

Technology equipment manufacturers posted the fastest rate of output growth (63.6 vs. 48.4 in January), supported by stronger new orders, improved capacity and fewer semiconductor shortages, according to surveyed firms.

https://www.lloydsbankinggroup.com/media/press-releases/2023/lloyds-bank-2023/february-2023-sector-tracker.html

UK inflation rate rises to 10.4% in surprise reversal of recent trend

yayay
Thanks for the update
GL

Just hope it doesn't take another 6 months for the mining permit

Business as usual for Lloyds as it's UK focused unaffected by the latest Banking turmoil markets will be pricing for another 25 basis points rate hike Thursday

Looks like SP is still trending down doesn't help with Chinese President Xi Jinping is meeting with Putin on a three-day visit aimed at boosting Beijing-Moscow ties and cementing China’s status as a global powerbroker

The UK borrowed a higher than expected £16.7bn in February, a record for that specific month due to the government spending billions on helping families with the cost of energy bills, official figures out today reveal.

Office for National Statistics (ONS) numbers out today indicate Chancellor Jeremy Hunt’s decision to cap typical household energy bills at £2,500 pushed government borrowing nearly £10bn compared with the same month last year.

The overall borrowing number is larger than analysts expected and marks a reversal from January’s surprise budget surplus.

https://www.cityam.com/uk-borrowed-record-16-7bn-for-february-but-jeremy-hunt-handed-interest-rate-boost/

The FTSE 100 is expected to open higher extending Monday’s gains as the banking sector shows signs of stabilising and investors switch attention to monetary policy moves in the US and the UK.

Spread betting companies are calling London’s lead index by around 37 points

Esprit2022
""house prices dropping on both sides of the Atlantic""

UK house prices up £3,000 as property market rebounds

https://moneyweek.com/investments/property/house-prices/605775/rightmove-uk-house-prices-up-in-march

Despite encouraging signs that inflationary pressures are easing, we think the Bank of England will probably opt for one final 25bp hike on Thursday if it can, though that's undoubtedly contingent on what happens in financial markets. Remember that the BoE has set a much lower bar for pausing hikes than the likes of the Fed and ECB

https://www.google.com/amp/s/think.ing.com/amp/article/bank-of-england-set-for-25bp-hike-barring-further-turmoil/

Heathrow passenger numbers 80million in 2019 with ambitious growth plans 140million