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DT
J.P. Morgan Chase told about 200 staff Friday to plan to move out of London because it sees little prospect of the U.K. winning a deal on financial services as the nation prepares to exit the European Union.

The biggest U.S. bank is pushing the button on its no-deal Brexit plan because it sees minimal chance of an accord for finance before year-end, according to people familiar with the matter who asked not to be named discussing sensitive information.

https://www.pionline.com/brexit/jp-morgan-relocate-200-london-bankers-no-deal-brexit-looms

Lloyds offers very little in the way of value or growth for investors. It also provides little for UK share investors to get excited about on the dividend front too.

https://www.fool.co.uk/investing/2020/09/17/6-reasons-why-id-avoid-the-lloyds-share-price-id-rather-buy-cheap-uk-shares-today/

25.5 end of September

UK retail sales continued their recovery in August but saw growth slow down, according to the Office for National Statistics (ONS).

The ONS said volumes for the month were 4% higher than in February, before the country was fully impacted by the pandemic.

https://www.expressandstar.com/news/uk-news/2020/09/18/retail-sales-continue-recovery-in-august-but-lose-pace/

The pound dropped after the Bank of England left things as they are following its September monetary policy committee (MPC) meeting.

BoE policymakers voted unanimously to keep things as they are, as expected.

In its statement alongside the decision, the MPC noted that UK economic growth in July was around 18.5% above its trough in April but still around 11.5% below the fourth quarter of 2019, with employment falling by around 700,000 between February and August.

Furthermore, while recent payment data suggests consumption has continued to recover more strongly during the summer than the MPC expected, business investment intentions have remained very weak and uncertainty is elevated.

The Bank of England kept its monetary policy on hold as it decided to wait and see how the UK’s economic recovery progresses before it takes any more action.

https://www.google.com/amp/s/www.cityam.com/bank-of-england-keeps-policy-on-hold-and-flags-strong-recovery/amp/

Bank of England policy meeting today with a interest rate decision Lloyds could be going lower this afternoon
DYOR

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of U.S. Bancorp (NYSE: USB) has declared a regular quarterly dividend of $0.42 per common share, payable October 15, 2020, to stockholders of record at the close of business on September 30, 2020. At this quarterly dividend rate, the annual dividend is equivalent to $1.68 per common share.

https://www.businesswire.com/news/home/20200915005083/en/U.S.-Bank-announces-quarterly-dividends

The Consumer Prices Index (CPI) 12-month inflation rate was 0.2% in August 2020, down from 1.0% in July. The CPI fell by 0.4% between July and August 2020, compared with a rise of 0.4% between the same two months of 2019.

There have been too many scams and scandals in Britain's financial services market and a fundamental review is needed, the Financial Conduct Authority said on Tuesday.

https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUKL8N2GC20M

Oakie
I don't subscribe to the Times it was half a page in today's paper bound to be someone on here who gets the Times online

Something doesn’t seem to tally. On the one hand, the share price of Lloyds Banking Group, Britain’s biggest mortgage lender by a country mile, is on the floor because investors are so worried about a possible surge in defaults and loan losses. On the other, estate agents have got smiles on their faces and are talking about a “mini-boom” in housing.

https://www.thetimes.co.uk/article/property-market-boom-or-lloyds-bank-shares-bust-which-if-either-is-right-lcp3bbv0v

Lloyds seems to be sell on strength

Three percentage points off UK GDP
Plus outside chance of the Bank cutting policy rates below zero

Lloyds being a bellwether for the UK economy what price dose this make it

https://uk.reuters.com/article/domesticNews/idUKKBN2651Z2?il=0

Lloyds has already taken a whopping £3.8bn worth of impairment charges in 2020. And it looks like more hefty charges could well be coming down the line as revenues sink and bad loans rise. The prospect of ultra-low — and possibly even negative — interest rates casts a pall over this UK share beyond the short-to-medium term too.

https://www.fool.co.uk/investing/2020/09/13/you-wont-make-a-million-with-the-lloyds-share-price-but-you-might-with-these-cheap-uk-shares/

Lloyds 29p for December is looking good

Business activity continued to rise across the UK in August as lockdowns eased - but employment fell again as the coronavirus pandemic took its toll on the economy.

https://www.google.com/amp/s/www.business-live.co.uk/partners/businesses-saw-signs-growth-august-18920193.amp

DT
The economy and economic data is looking back the market looks forward 6/12 months so with Lloyds trading at 25.88p the future share price of Lloyds isn't looking good

11 September 2020
Antonio Horta-Osorio, Director, bought 567 shares in the company on the 9th September 2020 at a price of 0.264600p. The Director now holds 21,687,016 shares.

falklandinvestor
Good bit of fun
Dec- 29p
March 30p