Lloyds share price drops 1.6% in early London trade as inflation data lands, tariffs rattle banks
Lloyds Banking Group shares fell 1.6% to 100.75 pence by 0824 GMT amid broad selling in UK bank stocks. The drop comes as investors await Lloyds’ full-year results on Jan. 29 and monitor its £1.95 billion provision for Britain’s motor finance review. UK inflation rose to 3.4% in December, while wage growth slowed and unemployment held at 5.1%. Bank of England’s next policy announcement is set for Feb. 5.