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Buybacks

In the times today they saying Lloyds 2bn buyback 2021, 1.5bn buyback in 2022, 1bn buyback in 2023

Troajan

Great news for Lloyds shareholders

Traders are placing ever larger bets against the pound despite growing expectations that the Bank of England will soon raise interest rates to tame the UK’s rocketing inflation.

https://www.thetimes.co.uk/article/traders-rushing-to-place-their-bets-against-sterling-w77vpqxk0

Iron ore price surge is latest spike to fuel inflation fears

https://www.mining.com/web/iron-ore-price-surge-is-latest-spike-to-fuel-inflation-fears/

The UK is still on track to have the fastest growth in the G7 this year - but is exposed to the risk of spiralling inflation.

The IMF now expects Britain to grow by 6.8 per cent in 2021, trimmed slightly from the 7 per cent it predicted in July.

https://www.google.com/amp/s/www.dailymail.co.uk/news/article-10083693/amp/IMF-says-UK-set-highest-growth-G7-warns-inflation.html

Jefferies analysts called the update "reassuring" as Barratt said total forward sales as at Oct. 10, 2021, totalled 15,393 homes. That came above 15,135 as at Oct. 11, 2020, and 12,963 homes as at Oct. 13, 2019.

Britain's housing market turned red hot after the COVID-19 pandemic last year, aided by strong demand for larger homes amid a shift to remote working and a temporary tax break for buyers.

Home prices rose by the most in almost 15 years in September, mortgage lender Halifax said last week.

https://www.reuters.com/world/uk/uks-barratt-forward-sales-rise-above-pre-pandemic-levels-2021-10-13/

Barclays and HSBC Predict Weakness Ahead

Two of the UK's most recognisable high street banks have come out and said they are not expecting the British Pound to appreciate in value from current levels against the Euro and Dollar.

Analysis from Barclays reveals the building of downside risks for the British Pound, which include the return of Brexit tensions and a policy mistake from the Bank of England in the form of raising interest rates too early.

Foreign exchange analysts at HSBC meanwhile say they are sticking to their view that the Pound is in fact not cheap at current levels and valuation will act as a gravity that constrains any attempts to move notably higher.

Pound Sterling Live reports these findings as GBP/EUR strength experiences yet another failure at the 1.18 level and GBP/USD slips back below 1.36, risking a deeper pullback over the coming days.

Barratt remains on track

UK residential property developer Barratt Developments is on track to deliver its targets for the medium term as well as for FY2022, after registering a steady customer demand between 1 July and 10 October.

“The positive start to the new financial year has continued in recent weeks with private reservations remaining strong,” said Barratt’s chief executive David Thomas.

https://www.cityam.com/barratt-remains-track-steady-customer-reservations/

ALIEN METALS (@AlienMetals) tweeted at 7:10 AM on Wed, Oct 13, 2021:
Alien is pleased to update the market on the Han**** Iron Ore Project in the Pilbara region of Western Australia further to the publication of its maiden inferred resource on the 22nd September 2021. Read the full announcement here: #AIM #UFO #Ironore https://t.co/rHiDChtnND https://t.co/IqoZWWEdJo
(https://twitter.com/AlienMetals/status/1448169236858351617?t=LWX5C8jNjS2F30bp7xMySQ&s=03)

The UK economy is showing signs of stalling, growing by less than expected in August and contracting rather than rising in July.

The latest figures from the Office for National Statistics show GDP grew by 0.4% in August compared to a forecast rise of 0.5%, meaning it is 0.8% below its pre-pandemic level.

https://www.reuters.com/business/retail-consumer/luxury-giant-lvmh-says-third-quarter-sales-grew-by-20-2021-10-12/

48.53 looking good for 50p end of week market's pricing in for November rates rise

WHEN WILL THE BANK OF ENGLAND RAISE RATES?

Investors are betting the BoE could raise its benchmark Bank Rate from a record low of 0.1% possibly as soon as its Nov. 4 meeting

https://www.reuters.com/world/uk/why-is-bank-england-talking-about-raising-rates-2021-10-11/

More UK financial institutions are targeting acquisitions and partnerships with fintech firms to boost their position in a growing market, according to a report from Lloyds Bank.

More than two fifths (46%) of financial services firms plan to grow investment in their fintech capability through acquisition and partnering in the next year, compared with a third (32%) in 2020.

https://www.lloydsbankinggroup.com/media/press-releases/2021/lloyds-bank/uk-financial-firms-increase-fintech-partnerships-to-boost-capability.html

Markets pricing in a November rate rise looking good for Lloyds investors

InsiderKnowledge
""this strength in sterling will be short lived and sold into""

Same with Lloyds SP

Lloyds is looking to have a good week as The Pound-to-Euro exchange rate has rallied sharply and could be apt to rise further over the coming days should the seemingly shifting interest rate stance of the Bank of England continue to inspire market confidence and appetite for Pound Sterling

travel stocks were flying higher in Singapore with international travel corridors with the rest of the world expanding rapidly

Former chancellor Lord Lamont says interest rates SHOULD rise

https://www.dailymail.co.uk/news/article-10075173/Former-chancellor-Lord-Lamont-calls-rate-hike-inflation-rises-3.html

LONDON, Oct 8 (Reuters) - Banks must show from 2025 how their trading operations could be shut down in a crisis without spreading contagion across markets, the Bank of England proposed on Friday.
https://www.reuters.com/business/finance/bank-england-targets-failures-banks-trading-books-2021-10-08/