Barclays Shares Down 25%

Most of the losses occurred in the last hour of trading. The City is awash with rumours as to why. With the Treasury looking at a second round of bank bail-outs it looks like the taxpayer is going to need a lot of lube for another big shafting. Admittedly it could just be an old-fashioned bear ambush now shorting financial stocks is permitted again…

*Guido covered his gilt short anyway, when fear grips the markets government bonds tend to rally. Will short gilts again later…


Seen Elsewhere



Tip offs: 020 7193 4041
team@Order-order.com

Quote of the Day

Responding to Corbyn’s statement that the US should have arrested ISIS leader, al-Baghdadi, John Mann bluntly tweeted:

Baghdadi blew himself up with a suicide belt. An arrest might have been slightly difficult in these circumstances.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.