Lloyds pulls ahead as growth slows
For the past month, the bank has occupied every position in the top three. Trevor Williams, chief economist of Lloyds TSB corporate markets in London, attributes this success to an outlook that believed growth, particularly in the UK, had been too strong.
"The sterling had been overvalued against the dollar for a very long time and we expected it to depreciate to help offset some of the growth slowdown we thought was going to come about from reduced consumer spending," he said.
Lloyds
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