Investment banks will soon be buying this up for long term profit.
JPMorgan had a target of £6 in its downgrade. Oversold.
The UK will never let a foreign power print it's money, especially Germany!
Long term right now is a great entry point. Hold it for a few years & you'll be greatly rewarded with higher divs & share price due to the polymer notes contract in the UK.
The price has pierced through all the fib retracements. BUY NOW!!!
Why's this share going down? Less QE means less business. But the Fiscal cliff coming up again. They'll get more business printing money then because the can will yet again be kicked down the road. QE will return.
At least 305 million £5 notes will eventually be replaced
In the mean time, expect a corp bond to be issued.
Within a few years this share will double