A new beginning for Lloyds as the UK govt lets it go 17 May
Just like releasing a nurtured animal back into the wild the UK govt has been gently reducing its stake in Lloyds in recent times after bailing it out in 2008.
Lloyds now out with a statement saying the govt will make a profit of around £900m after it spent more than £20bln .
The bailout became necessary after the failure of a govt-brokered takeover by Lloyds of rival HBOS.
Positive news for the UK banking sector but caution still remains given the general domestic and global uncertainty.
Meanwhile GBPUSD 1.2932 being capped by renewed EURGBP demand and rallying to 0.8602 as EURUSD rallies again.
USDJPY on new session lows of 112.30
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