Lloyd’s insurance market, is likely to be an early loser from the UK’s Brexit vote as insurers prepare to shift some of their operations out of the country, if, as seems likely, the UK loses passporting rights of direct access to the EU. One insider described the vote as “seismic” for the insurance market and two-thirds of people who work there thought Brexit would hurt or severely damage Lloyd’s.
The Lloyds London chart, 28 May 1871, certainly shows a massive setback at the moment with Solar Arc Pluto square Saturn, Solar Arc Sun square Uranus and Solar Arc Sun opposition Neptune which is a perfect storm of negativity and shocks. Tr Uranus will square Uranus and conjunct Neptune until April 2017 so the high-wire, strained and edgy mood will run on. And there’ll be worse in 2019/20/21 when tr Pluto opposes Uranus for a massive upheaval and makes a frustrated, trapped trine to Mars.
The Royal Bank of Scotland, 31 May 1727 JC (OS), looks shocked this year and next; is facing a meltdown in 2018; and much worse in 2019/20 with tr Pluto trine Mars and tr Neptune square the Sun.
Barclays Bank, 20 July 1896, is exhibiting much the same pattern – panic now and in 2017 from tr Saturn hitting on the Pluto Neptune in 2016/17; and tr Neptune following behind right through till 2020. 2019/2020 look horrific with Solar Arc Mars square Pluto and Solar Arc Saturn square Pluto.
Lloyds Bank, 3 June 1765, ditto ditto and ditto. Undermined in 2016/17 with tr Saturn opposing and tr Neptune square the Sun Venus; with a major collision of sorts in 2019/2020 as Solar Arc Mars square Venus Sun; and tr Pluto squares the Uranus.
HSBC, 2 January 1990, is ploughing through thick mud and discouraged till late 2016 with tr Pluto conjunct Saturn; and tr Neptune square Mars till early 2017. With a coach-crash of Solar Arc Mars conjunct Sun in 2020.
That may not all be Brexit, since the Saturn Pluto conjunction of 2019 will bring a recession, so could be other factors, though it won’t help.
Good morning Marjorie,
How safe are UK Banks now given events of the last 2 weeks?
Thank you if you comment.
A major hedge fund in London called Marshall Wace has made an astonishing €100 million short bet
against Lloyds Bank (it will affect Bank of Scotland also for obvious reasons).
Any thoughts Marjorie?
All the best for the weekend.
A good, original Article in the Guardian by Jasper Jolly at the weekend
re these Banks and Lloyds of London and benefitting from slavery.
I see from just searching that you covered all these 4 years ago but thought I’d mention!
Any update Marjorie? Given that Barclays CEO in the news for Epstein connection – CEO Jes Staley born 27 December 1956
in Boston, MA and also Lloyds again for obvious reasons which means Bank of Scotland also affected or
about to be – CEO Antonio Horta-Osorio born 28 January 1964 in Lisbon, Portugal.
Thank you if you look into them!