As a very regular trader of LLOY I find it interesting and useful to watch the short term moves.
Yesterday the sp was showing some strength mid day ( upwards )
The day high was 58.72.
I had a feeling that 58 would not hold.
Close was 57.97.
Between 4.20 PM to 4.30 PM there was actually quite some sell off. A fairly large % move in just under 10 minutes.
Many of my trades are on "auto close " at a tight % profit.
I sometimes over ride those limits and close manually.
This especially so either in the first 30 minutes or last 30 minutes of the trading day.
On results/update days the overall intraday moves have recently been about double a normal non news day.
It currently seems as though the sp is struggling around the 58p level.
Could change by the end of the day.
For clarity I hold both long and short positions in LLOY.
No shares, just leveraged positions.
Not made a bean out of any of them yet today.