Trading suspended on RBS and Barclays shares 
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What’s sterling up to this morning as a matter of interest chaps?
(up to probably the wrong phrase)
Still going, past 0.83 and spiking up to 0.835
Bank Of Ireland share price now at 0.18 (was 0.38-0.39 this time last year). Fell from 0.27 on Thursday to 0.20 Friday to 0.18 now. AIB float is buggered for another year. Lots of disappointed employees.
Any estimates as to where stg may end up gents?
No
Open season for another while
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Just spoke to my Bro there in lahndan. He says fx is actually fairly quiet. Doesn’t think article 50 is actually 100% nailed on,and wouldn’t be surprised if stg creeps back up a bit. Reckoned I should hold off exchanging money for a while.
That said, he also said it may be wishful thinking. And noone has a clue what will happen.
Nobody knows nothing.
Apart from the boys here. They’ve got it all sorted.
Read about this a while ago, but the FT is reporting that it’s actually happening today. Verizon are issuing bonds backed by mobile phone contracts.
https://next.ft.com/content/a0c36b48-0ae6-11e6-9456-444ab5211a2f
And its gone
The boom bust cycles appear to have shortened over the past two centuries
You won’t go too far wrong with the Berkeley group or any of their subsiduries, they are providing a serious product and have that particular market nailed down, Tony Pidgley is some operator
Good to know pal
The ballsy decision that @balbec and I took to short sell the shite out of the pound sterling a few weeks back is really paying off today.
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The Italian banks are creaking, talks of a government bailout
Old news.
Sterling hit a 30 year low today.
Not really, only the last day or so.
Markets look like a clusterfuck. Central Banks can’t do too much more either
Ya I was being a bit facetious, but was mentioned yesterday quite widely. For reasons I can’t understand, but maybe you can, the Italian banking crisis has weighed more on sterling than the euro. Maybe the size of the UK banking system relative to the economy??
GBP weakness is for multiple reasons really, non UK investors are getting the fuck out of there. All European banks are weak on the back of the Italian stuff as there is fears it might spread. Spanish banks are still fairly brittle for example.
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The uncertainty around Brexit is mainly what’s weighing on Sterling, not the Italian banking crisis (although that’s not helping and could be the next crisis). We are in an increasingly risk off environment and Sterling is seen as high risk. Money is flowing to safe havens like the yen, US Treasuries, and Gold.