Lloyds share price rises as BoE rate-cut bets shift before next week’s results
Lloyds shares rose 1.5% to 102.90 pence by 0930 GMT Thursday after UK public sector borrowing for December came in at £11.58 billion, below forecasts. The move followed a surprise uptick in inflation to 3.4% in December. Morgan Stanley pushed its Bank of England rate cut forecast to March. Lloyds reports earnings Jan. 29.