UK exposure a boon for NAB?

Clydesdale used to be a sore spot for NAB investors, but confidence and a new-found stability in the UK banking sector gives rise to the potential of the 'ugly duckling' investment.

It is expected the Reserve Bank of Australia will keep the finger on the pause button at today’s meeting. Holding steady should hush opinions that we are in a property bubble and credit risks facing Australian banks are on the up.

Investors have calmly dismissed any concerns associated with a supposed property bubble and have propelled the financials index up 29% over the past year.

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