CYBG: Interim result 2017

Despite Brexit and economic uncertainty, CYBG's results continue to improve since being spun off from NAB.

So much for economic predictions. In the aftermath of the Brexit vote there was talk of imminent economic collapse in the UK and CYBG plc's shares fell by a third in the space of two weeks. Yet UK retail sales in April were up 4% year-on-year compared to a year ago and unemployment has fallen to its lowest since 1975. As the US economist Edgar Fielder said: 'He who lives by the crystal ball soon learns to eat ground glass.' 

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