It has been six months since the notorious Brexit vote put the United Kingdom on a course for divorce from the European Union. In that time, fellow nationalist Donald Trump has been elected to the US Presidency, mirroring the ascendency of Boris Johnson in British social influence. While there have been numerous effects following Brexit, few were so extreme as the impact on banking stock prices, which uniformly plummeted in the minutes and hours following the voting results announcement. For people not directly invested in British banking, one may wonder what has become of those stocks price since?
The results have been something of a mixed bag. While there could be endless analysis of all the British banks affected, we’ll focus on two in particular: Lloyds and Barclays, specifically because of their ongoing troubles with the PPI claims scandal. Many investors want to know, is now the time to buy, hold tight, or jump ship with regard to these bank stocks.