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longtimeinvestor

"Here we go again"
gbp to usd up to 1.36

Britain's shares are near "record cheap" levels as they have lagged their global peers since the Brexit vote, J.P. Morgan said on Monday, boosting its rating of UK stocks.

The brokerage upgraded UK stocks to "overweight" from "neutral", meaning it believes these stocks should perform better in the future.

https://www.reuters.com/world/uk/uk-shares-near-record-cheap-levels-after-brexit-says-jpmorgan-2021-11-08/

The Bank of England is more likely to begin hiking interest rates next year as opposed to in December, according to some investment professionals, who said its surprise decision to hold interest rates at 0.1% last Thursday (4 November), has been “particularly perplexing” amid previous warnings from Governor Andrew Bailey.

https://www.investmentweek.co.uk/news/4039827/boe-defies-market-expectations-holding-rates

Markets are now pricing an interest rate rise at the Bank of England's December meeting

The BoE decision will have left many speculators licking their wounds; data for the week to last Tuesday showed $1.3 billion worth of bullish pound positions had built ahead of the meeting.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL1N2RZ12K

British Airways has just shared this video from the Heathrow control tower of the dual take-off of the British Airways and Virgin Atlantic flights to New York this morning. This is to celebrate the reopening of the US to visitors travelling from the UK.

https://www.headforpoints.com/2021/11/08/british-airways-virgin-atlantic-heathrow-dual-take-off-video/

The price is dropping again the buys must be showing up as sells , pump and dump boys don't stop

Bank of England’s inaction last week on interest rates undid some of the optimism which had been building on a potential boost to earnings

The economic recovery continued in October as employment increased despite fighting the surge in costs.

https://www.google.com/amp/s/londonnewstime.com/the-economic-recovery-continued-in-october-as-employment-increased-despite-fighting-the-surge-in-costs/540143/%3famp

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-10172155/amp/BA-Virgin-Atlantics-joint-opens.html

Morgan Stanley predicts a 60 per cent gain in share price puts Lloyds at 77p, happy days

Green jet fuel produced in the US could be blended with conventional fossil fuel to power BA’s fleet

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10172969/amp/British-Airways-flights-powered-sustainable-jet-fuel-set-year.html

The Governor, nicknamed the 'sexy turtle' in the City, had given a strong signal that interest rates were set to rise when he said in October that the Bank 'will have to act' to control inflation, which is now predicted to hit five per cent next year.

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10173571/amp/MPs-City-figures-voice-concerns-inflation-storm-clouds-gather.html

https://www.proactiveinvestors.co.uk/companies/news/965442/british-airways-owner-iag-rallies-ahead-of-transatlantic-routes-reopening-965442.html

Monday the US travel ban for fully jabbed is lifted, today's share price won't be this low next week

Brixton

longtimeinvestor, asked if I was American yesterday for using the words labor market

“If you ask the question ‘why haven’t you done it now?’ The answer is all to do with the labour market… there were a lot more people using the furlough scheme right up to the end.

“The labour market looks tight in this country at the moment but the missing piece of evidence is just what has happened after the end of the furlough scheme and we don’t have any data to guide us on that.”

https://www.cityam.com/bank-of-england-andrew-bailey-interest-rate-call/

longtimeinvestor , Governor Andrew Bailey is not American

https://www.theguardian.com/business/2021/nov/04/bank-of-england-rate-decision-economists-gasping-air-governor

TheFarEnd
I completely agree

https://www.markiteconomics.com/Public/Home/PressRelease/2decbb1c53a64263a138d99f043dc012

Investors assailed the Bank of England on Thursday for not delivering an interest rate rise they had bet on, in what may be a sign of things to come as central banks around the world tread carefully to balance inflation risks and economic growth.

Although economists do not expect a first post-pandemic rate hike until early next year, investors had priced in a move after what they said were weeks of signalling by BoE policymakers, including Governor Andrew Bailey, that rates needed to rise.

https://www.reuters.com/business/unreliable-boyfriends-boe-other-central-banks-rankle-investors-2021-11-04/