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The governor of the Bank of England, Andrew Bailey, said "there is light at the end of the tunnel" as he pointed to falling coronavirus infections and a successful vaccine rollout.

Economy like a coiled spring, says Bank economist

https://www.bbc.co.uk/news/amp/business-56321959

Easing of a stringent lockdown has lifted sentiment Lloyds will 50p end of March followed by 60p

Bill's got 6 months to pull something out the bag, he better get move on with the drill results and a JV its the only thing to get this stock moving, I don't want anymore share dilution to raise cash

Easing of a stringent lockdown has lifted sentiment can see this back at 220 tomorrow

British shares rose on Monday, boosted by gains in bank and energy stocks tracking higher commodity prices, while easing of a stringent lockdown also lifted sentiment.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSL4N2L620Z

Theosus
""Personally anything Andrew Bailey says I would take with a pinch of salt""

So you don't think the economy is going to pick up this year

Governor Andrew Bailey, who'll speak about the improving economic outlook at 10:00 on Monday. The UK is forecast by economists to be one of the fast growing major economies this year due to, among other things, government spending and the unleashing of savings built up the national 'lockdown.' Should Bailey reiterate the idea that releasing this 'pent up demand' poses upside risks to the BoE's inflation target then it could potentially stand the Pound in good stead for the week.

FTSE 100 set to make a strong start as US stimulus bill finally makes it across the finish line

The FTSE 100 looks set to get off to a strong start, buoyed by the sign-off of America’s long-awaited fiscal stimulus package

The possible reason for the latest share price rise is not hard to find. The UK Budget 2021 stated it will review the 8% bank surcharge. The surcharge is an additional tax on profits over and above the corporation tax.
This could add to banks’ competitiveness and also support London in maintaining its position as a global financial capital. There is no Brexit deal on financial services so far.
Financial services is important for the UK, contributing to about 7% of the economy. According to the UK Parliament, London alone generates half of this.

Housing market slows in February but
average price holds steady

• On a monthly basis, house prices in February were 0.1% lower than in January
• In the latest quarter (December to February) house prices were 0.5% higher than in the
preceding three months (September to November)
• House prices were 5.2% higher than in February last yearRussell Galley, Managing Director, Halifax, said:
“Having enjoyed an extremely strong period of activity in the second half of last year, the housing market continued its softer start to 2021, with average prices down very slightly (-0.1%) compared to January. However, with annual house price inflation currently at +5.2%, property values remain comfortably higher than 12 months ago, when February was the last full month before lockdown.
“The housing market has been at something of a crossroads at the start of this year, with upcoming events key to determining the path of activity and prices over the next few months. The government’s decision to extend the stamp duty holiday – one of the main drivers of demand from homemovers during the pandemic – has removed a great deal of uncertainty for buyers with transactions yet to complete

Lloyds Banking Group is planning to become a large private landlord as it searches for new sources of revenue in an era of low interest rates, according to documents seen by the Financial Times and people familiar with its plans.

The initiative, known internally as “Project Generation”, will involve buying and renting out new and existing housing stock across the UK, and aims to have its first tenants by the end of this year.

Lloyds also owns the Halifax, Bank of Scotland and Scottish Widows brands. The lender hopes to take advantage of its low funding costs, name recognition and knowledge of the housing market to become a major player in the sector, which is fragmented and dominated by small businesses and retail investors.

Lloyds is the UK’s largest mortgage lender and its commercial banking business has existing relationships with almost all the UK’s largest housebuilders. It has also directly invested in several housing projects with smaller developers in recent years through a partnership with Homes England.

The bank said: “As we stated in our full-year results and our strategic review last week, we are committed to broadening access to home ownership and exploring opportunities to increase our support to the UK rental sector.”

FTSE 100 to take a step back as market waits for US jobs report for February

Rishi sunak budget has helped the banks out with the surcharge on financial services

Yesterday's news

Theosus
You just made that up my information is from leading uk Economist
DYOR

markets are heading south again on worries about tension between the US and China.

Buy the dip 50p next target

TR64
markets are heading south again on worries about tension between the US and China.

buy the dip 230 next target

My charts say 220 today then on to 230 the tailwinds are strong

Airline passengers will be able to administer their own coronavirus tests under plans to open international travel in time for the peak summer season.

British Airways was due to announce today that travellers will be able to buy a £33 test kit before leaving the UK. They will be expected to take the 20-minute test over a video link with a health adviser to prove that they are free of the virus before flying back.