How high can the Lloyds share price surge?
Lloyds Bank (LON: LLOY) share price continued its remarkable comeback this week after the latest UK inflation numbers dampened hopes of rate cuts. It is in its third consecutive week of gains and is hovering at its highest level since December 2019. It has surged by more than 184% from its lowest point in 2020. Bank of England rate hikesLloyds and other British banks reacted positively to the latest UK inflation numbers. According to the Office of National Statistics (ONS), the headline Consumer Price Index (CPI) slipped from 3.2% in March to 2.3% in April. Core CPI, which excludes the volatil...