Throughout 2022 UK banks, like NatWest, Lloyds, Barclays, and HSBC enjoyed rallies as the Bank of England was in the early stages of its interest rate hiking cycle.
Stock markets in Europe closed higher today following a difficult week, as the drop in UK, German and French bond yields supported equities.
Sterling remains the talk of the town as the Bank of England purchased long-dated gilts as a way of keeping yields under control.
Ocado’s share price has seen a huge amount of volatility in the past few years. The lockdowns sent the stock soaring as traders took the view that online grocery delivery would remain popular even after the pandemic, which it did to a certain extent, but now the repercussions of the pandemic have severely dented the stock.
Apple’s share price rallied in late July as the third-quarter numbers topped forecasts, but the stock has been sliding since because of the wider sell off in the markets.
The British pound has witnessed phenomenal volatility today as it plunged in overnight trading, then it staged a miraculous recover during the day, but it turned lower yet again.
The British pound is taking a hammering as the new Chancellor of the Exchequer, Kwasi Kwarteng, announced tax cuts to stimulate the economy.
The oil price has seen colossal price swings in the past two and half years. At the lockdowns were introduced in 2020 as a reaction to the pandemic, the oil market tumbled as demand fears accelerated. In February 2020, WTI was trading in the region of $45 and by late April oil futures traded below zero as dealers rushed to exit the market.
It has been a very volatile 24 hours as we have heard from several central banks.
Netflix has seen a dramatic rise and fall in the past two years as the stock accelerated in 2020-2021, but then things took a sharp move lower.
Prices may be delayed by 5 seconds. Prices above are subject to our website terms and conditions. Prices are indicative only
© 2022 Equiti, All Rights Reserved