Lloyds Banking Group PLC (LON: LLOY) catches mad bearish trend

Lloyds and Royal Bank of Scotland fall

In brief: British banks are losing a foothold in the very beginning of trading today. Lloyds Banking Group PLC, Barclays PLC (LON: BARC) and Royal Bank of Scotland Group plc (LON: RBS) losing in price.

Shares in British banks were down on the FTSE 100 in morning trading as investors continued to fret about the prospects of economic recovery. Royal Bank of Scotland Group plc shares continued to decline sharply to 44.81 points, losing -0.89 (-1.95%) in the early trading session. The other British banks fall even lower.

Lloyds Banking Group PLC (LON: LLOY) shares have rolled back to 67.93 points, dropped by -1.71 (-2.46%). Barclays PLC (LON: BARC) gives the bears – 2%. Experts believe in the speedy recovery of the banking sector and the entire UK stock market. The Open Knowledge analysts expect the bullish trend in late August or early September. In addition, investors await the Fed meeting at the end of the week and the god news about British economic recovery.

Ukrainian Globalist
2010-08-24 11:04, Economics.

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