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Seaking1
"This share is low and will go up when interest rates go up"

The rates have been rising for many months now, has had no affect on share price

Traders are lining up to short the British pound with a possible recession on the horizon

https://www.google.com/amp/s/www.cnbc.com/amp/2022/05/20/traders-are-lining-up-to-short-the-british-pound-with-a-recession-on-the-horizon.html

Scott Barton, Managing Director, Corporate and Institutional Coverage, Lloyds Bank Commercial Banking, said:

“Surging input costs and supplier delays will be top of the agenda in executive offices up and down the country.

“Strong working capital management will be key as firms look to navigate the uncertain landscape. While prices squeeze margins, and delays hinder production and delivery, cashflow disruptions will hold businesses back from capitalising on growth opportunities as they arise.

“Reviewing operational areas like supplier and customer payment time and optimising inventory levels will all help improve operational flexibility, putting businesses on the strongest possible footing for future growth ahead.”

Jeavon Lolay, Head of Economics and Market Insight at Lloyds Bank Commercial Banking, said:

“Consumers are becoming far more conservative in relation to spending as the cost-of-living rises – which in turn is having a direct impact on business’ output growth.

“Businesses are also battling intense cost pressures, with a record share of firms reporting raising prices to maintain margins. However, it remains to be seen just how much more they can pass on – with higher prices already having a sizeable knock-on effect on demand in some sectors.

“It’s encouraging to see sustained hiring across the economy, despite the more challenging backdrop. However, while the strength of the UK labour market represents a major positive for consumers, firms continue to struggle to fill vacancies. This poses risks for faster wage growth and further increases in inflation in the year ahead. A crucial factor will be the outlook for demand and how new orders respond to the rising cost of living.

According to the Lloyds Bank UK Sector Tracker, output growth in most UK sectors slowed in April as rising inflation weighed on demand for goods and services.

While the overall UK economy continued to grow in April, eight out of the 14 sectors monitored by the Tracker experienced a slower rate of output growth month-on-month – four more than in March. However, the number of sectors recording an overall increase in output remained resilient, dropping by only one month-on-month (11 in April vs. 12 in March).

The slowdown in output growth was driven by consumers and businesses reining in spending amid concerns over levels of inflation. Eleven out of 14 sectors recorded weaker demand for new orders in April – the highest number since July 2021. The economic headwinds have led to expectations that businesses are likely to respond by focusing on building in financial and operational resilience, including through strong working capital management and optimising inventory levels.

The UK Sector Tracker is an evolution of the Lloyds Bank UK Recovery Tracker. It uses PMI data from S&P Global to shed light on current trends in the UK economy.

https://www.lloydsbankinggroup.com/media/press-releases/2022/lloyds-bank/april-2022-sector-tracker.html

UK households spent 7% more on their energy bills in April compared to March, as the increase in the energy price cap first hit household budgets.

According to the latest Spending Power Report, which includes regular standing order and direct debit payments alongside card payments in its analysis, energy spending increased by almost a third (28%) compared to April last year.

Research commissioned on behalf of Lloyds Bank found that 75% of consumers are extremely or very concerned about home energy prices, which has increased from 61% in December 2021. Similarly, 68% are extremely or very concerned about the rising prices of everyday items, up from 52% at the end of last year.

https://www.lloydsbankinggroup.com/media/press-releases/2022/lloyds-bank/energy-spending-up-28-percent-since-last-april.html

British retail sales jumped unexpectedly in April, official data showed on Friday, but the outlook for consumer spending remained resolutely downbeat as the cost-of-living crunch intensifies.

Retail sales volumes rose by 1.4% month-on-month last month after a 1.2% drop in March.

Economists polled by Reuters had expected a 0.2% monthly fall in retail sales.

The wider picture, however, remains weak.

Retail sales in the three months to April fell 0.3%, after a 0.7% drop in March.

Stocks in London were looking to end another rocky week on a strong note as sentiment got a boost from an interest rate cut in China.

IG says futures indicate the FTSE 100 index of large-caps to open up 77.86 points

Stocks in London were looking to end another rocky week on a strong note as sentiment got a boost from an interest rate cut in China.

IG says futures indicate the FTSE 100 index of large-caps to open up 77.86 points

They don't give a time frame for the price target 61p
Maybe it 2023

same here Halifax

May 19 (Reuters) - British consumer spending on credit and debit cards slowed last week after a rebound the previous week when a public holiday boosted spending, while restaurant reservations also fell, the Office for National Statistics said on Thursday.

Card spending in the week to May 12 fell to 104% of its pre-pandemic February 2020 average level, the ONS said, down 6 percentage points from the previous week.

The card spending figures are neither seasonally nor inflation adjusted. Adjusting for inflation, card spending last week was around 94% of its February 2020 average, according to a Reuters calculation.

May 19 (Reuters) - British manufacturers reported the joint-strongest growth in orders this month since records began, while output rose at the fastest rate since July, figures from the Confederation of British Industry showed on Thursday.

The CBI's headline order book index - which measures the extent to which order levels are above or below normal - rose to +26 in May from +14 in April, matching previous records from March and November.

"Manufacturers have reported output growth and order books improving in May. But cost pressures remain acute and are pushing manufacturers to raise prices," CBI deputy chief economist Anna Leach said.

https://www.reuters.com/world/uk/uk-industrial-orders-grow-joint-record-pace-may-cbi-2022-05-19/

FTSE 100 seen lower as fresh Wall Street sell-off spooks investors in London

CFD firm IG Markets sees London’s blue-chip benchmark down 45 points, making a price of 7,389 to 7,293

Morgan Stanley has thrown its weight behind London fintech Thought Machine in a $160m funding round announced today, as the London-based cloud banking firm gears up for international expansion.

The fresh funding round, led by Singapore investment giant Temasek with backing from institutional heavyweights including Morgan Stanley, Lloyds Banking Group and JP Morgan, doubles Thought Machine’s valuation to $2.7bn

“We intend to become the leader in core banking technology, and are being deployed by the biggest, most successful banks around the world,” said Paul Taylor, founder of Thought Machine.

No one likes the comments from Matthew Hornbach he's head of Macro Strategy From Morgan Stanley he's not some Wannabe Trader sitting in his underpants looking out his bedroom window trying to ramp Lloyds share price

The Dollar should make a decisive turn lower by Autumn says Morgan Stanley, which would allow Pound Sterling and other major currencies to recover.

The Morgan Stanley research comes as the Pound to Dollar exchange rate (GBP/USD) remains caught in a long running downtrend largely driven by the seemingly irresistible appreciation of the Dollar since May 2021.

A number of headwinds to the global economy have emerged this year, these include Russia's invasion of Ukraine, surging inflation, central bank interest rate hikes and Chinese Covid lockdowns.

"We expect these trends to continue into the summer with modest but broad-based USD strength into 3Q22 propelling the DXY to 105," says Hornbach.

https://www.google.com/amp/s/www.poundsterlinglive.com/usd/16979-pound-to-dollar-outlook-nothing-gets-worse-forever-says-morgan-stanley/amp

This latest broker rating from Morgan Stanley is from 11 may that's a week old keep up Lloyds investors a lot changes in a week

https://www.reuters.com/world/uk/uk-house-price-growth-slows-march-ons-2022-05-18/

I gave up reading when I see it was Manchester evening news

May 18 (Reuters) - British house prices in March were 9.8% higher than a year earlier, down from 11.3% in February, the Office for National Statistics said on Wednesday.

London saw the smallest price rise, up 4.8% on the year.