London, January 10, 2026, 09:14 GMT — Market closed
- Barclays will redeem €1 billion of senior callable notes, with payment scheduled for Feb. 2 and the listing set to be cancelled soon after
- Shares closed Friday at 484.9p, up 0.04%, hovering close to a 52-week high
- UK GDP figures on Jan. 15 and labour data on Jan. 20 will influence the BoE decision on Feb. 5, alongside Barclays’ earnings report due Feb. 10
Barclays PLC BARC.L announced it will redeem €1 billion of senior callable notes on Jan. 31. Since that date falls on a non-business day, payment to holders is set for Feb. 2. The bank also plans to delist these notes from London on or shortly after that date. Barclays shares last closed Friday at 484.9 pence, up 0.04%, hovering about 2% below their 52-week peak.
With the London market closed for the weekend, investors will return Monday eager for direction ahead of Barclays’ full-year results. Capital returns and funding are once again under the spotlight, despite the stock showing little movement.
UK GDP figures will drop on Jan. 15, with labour market data set for Jan. 20—both capable of jolting rate expectations and bank stocks. For lenders, the crucial variable remains the net interest margin, which measures the difference between income from loans and costs on deposits.
Barclays revealed on Friday that it purchased 2,069,387 shares for cancellation at a volume-weighted average price of 483.2347 pence — this average factors in trade size. Since kicking off its buyback program on Oct. 23, the bank has snapped up roughly 63.1 million shares, according to its statement.
The stock has been stuck in a narrow range this week, hovering between 476.7 pence and 486.8 pence over the last two sessions. This pins 477p as the near-term support level, while 487p stands as the initial resistance. Beyond that, 500p is the next key round-number level to watch.
Money markets now put an 88% probability on the Bank of England holding its benchmark rate at 3.75% at the Feb. 5 meeting, following a quarter-point cut in December, according to Reuters calculations derived from market pricing. Typically, a lower rate path weighs on banks’ interest income unless growth in loans and fees can fill the gap.
Alex Kerr, a UK economist at Capital Economics, said this week that GDP is set to grow just 1% in 2026. He added that easing inflation might allow the BoE to cut rates to 3.00% later this year. A bigger move in rate expectations could significantly impact UK lenders’ earnings and how investors value the sector.
But the risks pile up, some originating right here. The Financial Conduct Authority has put forward a motor finance redress scheme pegged at roughly 11 billion pounds. Lenders like Barclays, Lloyds, and Close Brothers are already boosting provisions as the plan takes shape.
February ramps up for Barclays, starting with the BoE decision on Feb. 5, followed by the bank’s full-year results set for Feb. 10. That earnings release will be the next major trigger for the stock.
