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Looking to short Barclays: Neighbour
Joe Neighbour of Central markets is looking to short Barclays.
Yesterday the BoE announced a new £60bn of QE as well as a further 0.25% rate cut and the surprise QE element saw stocks rally sharply with most sectors gaining ground.
One area that didn’t was UK banking stocks which lagged behind the general market. Barclays closed marginally higher and well off the best levels of the session.
Joe Neighbour is looking to short Barclays at around 148-150p. He has a stop loss at 155p and a target on the downside at 130p.
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NOTIFICATION ON NON-INDEPENDENT INVESTMENT RESEARCH AND RISK WARNING
01:02 minutes
Tags: bank of england, banks, barclays, finance, joe neighbour central markets, rate cut, rates, saxotradergo, short, tradingfloor.com saxo bank