RE: MrA20 May 2020 20:38
Volatility is set to increase with the BoE's latest trick. That is negative interest rates. New gov wants to go down as the first to introduce it I reckon. This going to mash up the bank's earnings. Actually the banks are going to have to pay out of their own reserves to park money. After the 2008 banking crash BoE refused to adopt negative rates arguing that building societies and other financial institutions would become unprofitable and could go bust if they were forced to pay to keep funds with the central bank. I can make a firm prediction on this banks share price 1mnth from now. It will be in the 120's only if sentiment improves,,,and it will work its way up to that point leading up to results day...