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"An interest rate cut is likely to be off the table for the time being, considering the highly promising economic data from the UK. Although the forthcoming trade negotiations may dampen sentiment, the UK pound remains fundamentally undervalued,"

The British Pound was seen to be reclaiming some lost ground against the Euro and U.S. Dollar while solidifying the week's advances against the Yen, Australian and New Zealand Dollars following the release of the highly-anticipated flash PMI readings for the UK economy.

The flash PMI data gives the first credible look at how the UK economy performed in February, and the question for foreign exchange markets heading into this morning's data was whether the post-election economic bounce is being sustained.

Kpatel4

Lloyds might see a change of direction come March 11 the U.K. government to unveil a big increase in fiscal spending

Fastest manufacturing output growth since April
2019,

Manufacturing production growth accelerated to its strongest
for 10 months in February, helping to offset a slight loss of
momentum in the service economy, according to February data
from the IHS Markit / CIPS Flash UK Composite PMI®.
The seasonally adjusted IHS Markit / CIPS Flash UK Composite
Output Index – which is based on approximately 85% of
usual monthly replies – was unchanged at 53.3 in February
and comfortably above the 50.0 threshold that separates
expansion from contraction. Moreover, the latest reading
pointed to the joint-fastest expansion of private sector output
since September 2018 (equalling that recorded in January).

Over his nine years at the bank, Horta-Osorio has raked in a massive £56.4million.

https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-8026435/amp/Lloyds-boss-Antonio-Horta-Osorio-fire-profits-slump.html

bob6
Did you get confused with ex dividend date yesterday you thought it was today

Dividend for year
337 increase 5% = 353.85

While one could conclude that today’s full year numbers are disappointing in terms of overall market expectations, the reality is the bank is in much better shape now than it was at the end of 2015, when its share price was above 70p, when it was less profitable, and its operating income was much worse.

https://www.google.com/amp/s/www.cmcmarkets.com/en/news-and-analysis/lloyds-share-price-lloyds-profits-fall-33-but-there-is-a-silver-lining_amp

The markets are happy with the results

Antonio Horta-Osorio said:

In 2019 the Group has continued to deliver for customers while making significant strategic progress and delivering a solid financial performance in a challenging external market. While it is disappointing that this was impacted by the additional PPI charge in the year, as a result of this performance, the Board has been able to recommend an increased total ordinary dividend of 3.37 pence per share.

Given our clear UK focus, our performance is inextricably linked to the health of the UK economy. During 2019, UK economic performance has remained resilient in the face of significant political and economic uncertainty, supported by record employment, low interest rates and rising real wages. Although uncertainty remains given the ongoing negotiation of international trade agreements, there is now a clearer sense of direction and we remain well placed to Help Britain Prosper, support our customers and deliver strong and sustainable returns for shareholders.

Britain's biggest domestic lender Lloyds Banking Group reported a pre-tax profit of 4.4 billion pounds ($5.7 billion)for 2019, in line with analyst expectations.
Profits were 27% lower than 2018 as nearly 2.5 billion pounds of previously announced provisions for compensating customers mis-sold payment protection insurance weighed.

The pre-tax profit compared to a 4.5 billion pounds average of analysts' forecasts compiled by the bank.

Lloyds announced a dividend of 3.37 pence but no share buyback.

Inflation rise ‘unlikely to faze Bank of England’
Analysts at ING predicted that the central bank will keep interest rates on hold this year barring a “more significant decline in economic activity”

UK inflation rose to 1.8 per cent in January, a significant increase from December’s rate of 1.3 per cent, according to official data released today.

Lloyds’ Share Price: Can The Bank Recover From A Tough Q3?

https://www.google.com/amp/s/www.cmcmarkets.com/en-gb/news-and-analysis/lloyds-share-price-can-the-bank-recover-from-a-tough-q3_amp

Oakie.

What do you think the share price will do on results day ?

Lloyds share price: what to expect from annual results

https://www.google.com/amp/s/www.ig.com/en-ch/news-and-trade-ideas/lloyds-share-price--what-to-expect-from-annual-results-200218.amp

Well-run banks are an indispensable part of a thriving economy, so it is disconcerting to see so much uncertainty in the boardrooms of our High Street lenders

https://www.google.com/amp/s/www.thisismoney.co.uk/money/comment/article-8010181/amp/RUTH-SUNDERLAND-Disconcerting-uncertainty-boardrooms-High-Street-lenders.html

LONDON (Reuters) - Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.

The loss-making firm has burned through cash to fuel growth and launch in the United States, but has had no problems raising capital and is valued at over 2 billion pounds ($2.6 billion).

oilhearty

You figures are looking good, Lloyds 5% increase to the dividend would be nice we had a special divi payment as well

Rishi Sunak was part of a small team of hedge fund bosses who shared nearly £100m after an audacious stock market bet that lit the touchpaper on the 2008 financial crisis.

The new chancellor was a partner at the hedge fund TCI when it launched an activist campaign against the Dutch bank ABN Amro in 2007, resulting in its sale to the Royal Bank of Scotland (RBS).

The deal loaded RBS, at the time led by Sir Fred Goodwin, who was stripped of his knighthood in 2012, with crippling debt and led to a £45.5bn government bailout.

https://www.thetimes.co.uk/article/new-chancellor-rishi-sunak-cashed-in-on-fund-that-helped-break-banks-rb7zgfqkz