Decent results as expected - WEIR continues to perform well. Typical market reaction without logic. I sold half my holdings yesterday and will buy back today at some point. GLTA
RE: Barclays shares drop below downtrend again16 Jan 2024 10:50
This article was in The Guardian last Thursday.
The Bank of England may be forced to bring forward the date of its first interest rate cut after three leading forecasters issued a surprise update suggesting the inflation rate will halve to 2% by April.
The Oxford Economics consultancy and analysts at Investec and Deutsche Bank have reassessed their outlook for inflation in 2024 and concluded that the consumer prices index (CPI), which dropped to 3.9% in November last year, will fall below 2% within four months.
A slump in energy prices and the cost of oil on international wholesale markets will, they say, bring down inflation at a faster rate than the Bank of England expected when it reviewed price rises in November.
The independent forecasters said a fresh review next month by officials at the Bank’s headquarters on Threadneedle Street was likely to follow their lead and predict a much lower path for inflation this year.
I see the trading update is 10th Jan. I just topped up - bit of risk considering what usually happens on these days, but SP already down 5% this year. GLTA