Member Info for StickyToffeePudd

88, both mutually compatible statements, within the context in which they were stated!

Very good post Darth!

All pointing to the fact that it is time to sell up!

"UK manufacturing output expanded for the first time in a year in October, survey results from S&P Global showed, despite ongoing weakness in both domestic and overseas markets."

“The October PMI survey shows UK manufacturing production rising for the first time in a year, which is a positive in itself.

Overall today a new high for Lloyds and a modest gain at close, so we are moving in the right direction.

As I see it the only question we have is what day this week will Lloyds break through 90p.

https://uk.finance.yahoo.com/news/ftse-100-slips-uk-apos-165651742.html

The big issue I see for UK manufacturing going forward is the cost of electricity, which is literally strangling the UK based manufacturing.

"Executives at major UK and Wall Street banks operating in the country have grown sceptical of government assurances to maintain the current 3 per cent rate, which was reduced from 8 per cent in 2022, Bloomberg reported. "

https://www.thebanker.com/content/b3e389c3-89be-4847-954e-98a42c521119

This could hit us in the pocket folks!

The way some folks break out in a rash, when any good news is posted on here.

From where I am sitting Lloyds and other British banks are doing very well under a Labour government.

Sure luckylurker it holding up well this morning from the high last week, but really waiting to see if goes through 90p.

Morning troublesome, this is exactly the point I was making over the weekend is that things are looking up.

We just need Rachel to be even handed about the way she raises new taxes and the budget will come and go without a hitch!

"European stocks outperformed their U.S. counterparts in October"

"Barclays described October as a period of renewed momentum for European markets, where solid earnings and external inflows helped offset macro headwinds."

https://uk.investing.com/news/stock-market-news/europe-outperforms-us-in-october-as-uk-france-and-spain-lift-returns-barclays-4340837

Market momentum looks good!

Child, yes there are other things that may impact bank shares this week but the 'main event' will be the MPC decision on rates.

From reading the article, the decision seems to be on a knife edge.

Barclays and Goldman Sachs, are predicting a cut to 3.75%.

But there are other factors which might make the MPC keep rates at their current level, until after the budget.

We'll find out on Thursday!

https://www.ilkleygazette.co.uk/news/national/25589568.bank-unlikely-cut-interest-rates-decision-close-call-experts-say/

"Business confidence in Wales rose 34 points during October to 57%, according to the latest Business Barometer from Lloyds."

"Overall, UK business confidence climbed eight points in October to 50%."

"The North East and West Midlands were the joint-most confident of any UK nation or region in October (both 62%), followed by London (60%)."

Actually folks, things are starting to look up, under Labour.

Now, we just have the tiny matter of the budget to get past and as you indicated Darth, will only be a small bump in the road.

Things looking very rosy indeed for Lloyds going forward!

https://www.wales247.co.uk/lloyds-barometer-shows-strong-rise-in-welsh-business-confidence

After all the excitement with Lloyds recently, Friday has just turned out to be a damp squid!

Maybe a bit of movement later, when the US opens...

So squid, what's the point of your post?

You're just repeating what has been said here 1000 times before.

If you are invested in Lloyds they you are OK, as the rise in the last year has been huge.

If you're not invested in Lloyds, by your own logic with the FTSE at an all time high, maybe not the best time to invest.

If you are invested in Lloyds and concerned that the FTSE is set to drop significantly, then sell.

Did I miss anything?

Darth, it is at the top of this page that the open is 89.06p

Are you suggesting that LSE data on shares is incorrect?

I've also just checked in my HL account and that is 89.06p.

Darth, I have an opening price of 89.06 from two sources and it also shows 89.06 at the top of this page, if you care to have a look...

Troublesome, the million dollar question is now whether to sell up before the budget or not...?

Folks

Looks like we'll have 90p before the budget!

"Sterling came under heavy selling pressure yesterday, falling sharply across the board as markets brace for a potentially bruising UK Budget next month...."

https://convera.com/blog/currency-news/sterling-euro-rate-drops-to-2-year-low/

Going to be hard hats time soon lads!

Doing really well with the share prices going from one to another 52 week high, day after day.

We're being left behind here a bit.

Barclays burst through 400p today also!

With the share price of of the banks rocketing it makes they prime candidates for plucking by Rachel!