Will the Lloyds share price rally end soon?
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The Lloyds Banking Group (LSE:LLOY) share price has been on an amazing run lately. Looking back six months, one year and five years, it’s risen 30%, 77% and 174%, respectively. As I write (12 November), I could buy a share for 95.1p. The next target is 100p. The last time the stock was trading above £1 was just before the 2008-09 global financial crisis.
A domestic focus
The rally has been even more remarkable given the economic backdrop. Nearly all of the bank’s revenue is earned domestically. This means it has an almost total reliance on a shaky British economy. One that’s struggling to grow with…
