United Kingdom 03 (Nov 17 to Oct 22)

[behappyalways]

Liz Truss named Britain’s new Prime Minister and Conservative leader
https://m.youtube.com/watch?v=73YDgivF_t8

[behappyalways]

'20 Quid For A Pint!?' UK Pubs Forced To Hike Prices Or Die
https://www.zerohedge.com/markets/20-qu ... ces-or-die

[behappyalways]

挺台首相再加一！英國史上第三位女首相特拉斯出線 通膨+能源考驗上任恐無蜜月期 曾批北京武攻台灣是誤判 喊"中國是迫切的威脅"│主播苑曉琬│【大世界新聞】20220906│三立iNEWS
https://m.youtube.com/watch?v=TeQXV_lm544

[behappyalways]

Operation London Bridge’: How King Charles will take the throne after Queen Elizabeth
https://m.youtube.com/watch?v=DFCvkfaubeU


22.09.06【豐富│東南西北龍鳳配】Pt.2 這麼毒？只見了特拉斯一面，隔天女王就走了！
https://m.youtube.com/watch?v=6-dnqLFU6rg

[behappyalways]

保守黨六年內第四位首相 52%英國人唱衰特拉斯 TVBS文茜的世界周報-歐洲版 20220910
https://m.youtube.com/watch?v=K_U1fGgpRT8


愛的要命或恨之入骨 爭議強森在位3年44天下台 TVBS文茜的世界周報-歐洲版 20220910
https://m.youtube.com/watch?v=OA4TPmRLefc

[behappyalways]

壓不住了! 女王辭世後大英國協成員國紛紛爆出走 紐西蘭總理阿爾登更挑明將"成為共和國"暗示即將脫離英國 查爾斯三世坦言:承受歷史巨大壓力｜主播 苑曉琬｜【大世界新聞】20220913｜三立iNEWS
https://m.youtube.com/watch?v=guoEGRg6LLU

[behappyalways]

查爾斯三世繼任英國國王 免繳鉅額遺產稅｜FOCUS午間新聞 20220920
https://m.youtube.com/watch?v=LQDA70X3Ryw

[behappyalways]

UK Markets Implode After Truss Unveils Historic Tax Cuts As Economy Slides Into Recession Amid Soaring Prices
https://www.zerohedge.com/markets/uk-ma ... ic-tax-cut


Britain’s sudden lurch to ‘Reaganomics’ gets a thumbs down from the markets
https://www.cnbc.com/2022/09/24/liz-tru ... rkets.html

[behappyalways]

'Ruthless' King Charles To 'Permanently Exile' Prince Harry
https://www.zerohedge.com/political/rut ... ince-harry

[winston]

UBS: Soft Pound Headwinds to HSBC, Offsets Stable NII

After Kwasi Kwarteng, the UK Chancellor of the Exchequer, had unveiled the massive tax cut and bailout plan last Friday (23rd), the market worried that the British government would issue bonds heavily.

GBP/ USD last slid about 2.7% to 1.0564, once setting an all-time low.

HSBC HOLDINGS (00005.HK) and STANCHART (02888.HK) last dived 6.3% and almost 7.1% in HK morning session.

UBS opined that the UK would hail higher inflation and more stimulus, which give rise to higher rates and lower impairments.

Assuming a 3% UK rate, UBS viewed the UK banks are attractively valued FCF yield plays.

STANCHART was UBS top pick among international banks in the UK.

Related News- G Sachs Expects US Fed to Lift Rates by 75 bps/ 50 bps in Nov/ Dec, 25 bps in Jan 2023

However in the broker's view, the headwinds in face of the UK economic outlook should be not underestimated.

More financial intervention cannot fully insulate consumption from energy costs, particularly for business and corporate books.

Higher rates also meant escalated debt service costs as fixed-rate mortgages reset, and food inflation added to cumulative pressure.

The soft pound was unfavorable to HSBC, as well as Barclays, UBS said. HSBC's NII remained stable, but it was offset by the impact of a weaker pound.

Yet, the rating on HSBC UK-listed shares was maintained at Buy with GBP6.8 TP.

Source: AAStocks Financial News