FTSE 100 Lloyds Bank share price is ripe for the picking I believe. The last time I wrote about Lloyds Bank (LSE: LLOY) two weeks ago, it was fresh from a 14% increase in share price over the past weeks. From the time that article was published to the last close, the share price is down by almost 7% for a whole host of reasons. Even though the EU and the UK have reached an agreement on Brexit extension, a relief to all who feared the aftermath of a hard exit and the consequent impact on the British economy, the fact remains that there’s no deal in sight. Being a bank, its share price will always be subject to broader conditions, whether they are policy deadlocks or cyclical downswings but the reverse is also true. As long as LLOY is in good health, I wager that its price will hold a lot of potential in good times.
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Nov 21, 2019