In the last 3 months, the Lloyds Banking Group PLC (LON:LLOY) (LLOY.L) share price has fallen around 10%. I do think it’s possible, though. Exchange rate charges may adversely affect the value of shares in sterling terms, and you could lose money in sterling even if the stock rises in the currency of origin. Overall, we would need a succession of good news events to see the Lloyds share price doubling in 2021. That’s not to say I’ll be buying into Lloyds any time soon, as there remain several big reasons why the share price could sink in 2020. Lloyds (LON: LLOY) shares have fallen by over 50% this year. Follow live updates on share prices, bonds, commodities and currencies from UK and global markets and find the latest financial news. We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. Lloyds share price underperformance The bank has had to deal with its fair share of problems in that time, from the fallout over the 2016 Brexit vote, lower interest rates, as well as more provisions in respect of PPI. Exchange rate fluctuations can reduce the sterling value of any overseas holdings. Jonathan Smith | Thursday, 5th March, 2020 | More on: LLOY. However, a fall of over 27% from late December until now cannot be solely put down to the virus, as this does not stack up on the timings and the broader FTSE 100 sell-off (which has only really moved lower since the middle of February, and only by around 13%). Before we dive into the Lloyds Banking Group share price forecast, let’s quickly recap how the company has been performing so far in 2020. All rights reserved. Let’s conquer your financial goals together… faster! Starting the year at 68p, Lloyds share price has fallen to 57p today – a year-to-date fall of 16%. The post Lloyds’ share price has fallen below 30p. I would like to receive emails from you about product information and offers from The Fool and its business partners. © 1998 – 2020 The Motley Fool. The value of stocks and shares and any dividend income, may fall as well as rise, and is not guaranteed so you may get back less than you invested. On most days it ranks in the top five most traded stocks within the FTSE 100 index. I write this as someone who believes Lloyds can still be one of the most exciting stocks on the FTSE 100.It has so much going in its favour. Yield is an important dividend metric because it tells you the … It's no secret that the coronavirus outbreak sent bank shares into free fall. © 1998 – 2020 The Motley Fool. That’s disappointing in my view, and it means it is up just 1% during the course of 2017. When I first urged investors to take a look at its shares, the Lloyds price stood at 31.3p. Lloyds share price. Top UK shares for 2021: a FTSE 100 share I think could make ISA investors rich! Exchange rate fluctuations can reduce the sterling value of any overseas holdings. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations. Bank of England Governor Andrew Bailey has urged Britain and the EU to reach a trade deal and avoid a no-deal Brexit. Top UK shares for 2021: a FTSE 100 share I think could make ISA investors rich! Check out our top picks for the best share dealing brokers. In fact, with the UK economic growth currently flailing at nine-year lows, it looks as if the Bank of England will be forced into reducing rates back towards recent all-time troughs of 0.25% in the months ahead. The Lloyds share price is in free-fall. It now trades around the 30p level. Smarter, Happier, and Richer: read our Foolish guide to getting your finances in order. The immediate and most important cause is the feared fall-out from measures to control the coronavirus epidemic. It competes with other banks, including Barclays, HSBC, and RBS. We have taken reasonable steps to ensure that any information provided is accurate at the time of publishing. This little-known State Pension rule change could halve your retirement income overnight, 4 things within your control that can make or break your retirement dreams, Free Report: 5 Stocks For Trying To Build Wealth After 50, FTSE 100 stocks for 2021! However these problems don’t fully explain why the Lloyds share price has underperformed compared to its peers. When I first urged investors to take a look at its shares, the Lloyds price stood at 31.3p. The Lloyds share price is in free-fall. Should you require advice you should speak to a qualified financial adviser. More reading We do not provide personal advice neither will we arrange any product on your behalf. However, it is not only Lloyds that has been doing poorly lately. Warning! So what's the best move now? It has also suspended its dividend. Overall, we would need a succession of good news events to see the Lloyds share price doubling in 2021. My Santa Claus portfolio of cheap shares for 2021: one naughty and one nice! Another reason for the Lloyds drop is down to its weak 2019 results, which were released last week. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Lloyds Banking Group contains some of the great names in … First, a little history. The chances of Mark Carney and his crew slashing the benchmark has become a little more likely following the release of inflation data today. Here’s your chance to discover exactly what has got our Motley Fool UK analyst team all revved up about this ‘pure-play’ online business (yes, despite the COVID pandemic!). Because we're offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our 'no quibbles' 30-day subscription fee refund guarantee. UK bank stocks have seen significant volatility over the last 12 months, with the market reacting to rising trade tensions, a slowdown in the global economy and of course Brexit. According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…. Top stocks for 2021: I’d buy these 2 cheap UK shares in my ISA to make a million! This little-known State Pension rule change could halve your retirement income overnight, 4 things within your control that can make or break your retirement dreams, Free Report: 5 Stocks For Trying To Build Wealth After 50, FTSE 100 stocks for 2021! Company No: 3736872. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! What's more, we firmly believe there's still plenty of upside in its future. So, why is that? More reading Lloyds share price: technical analysis. Here’s your chance to discover exactly what has got our Motley Fool UK analyst team all revved up about this ‘pure-play’ online business (yes, despite the COVID pandemic!). Any opinions expressed are the opinions of the author only. In the past five years the Lloyds Banking Group PLC (LON:LLOY) (LLOY.L) share price has fallen by 65%, while the FTSE 100 (INDEXFTSE:UKX) is down by around 15%. Lloyds Banking Group has proved to be a big disappointment for the company's investors so far this year. It is a good long-term buy at 47p, but I think you could be buying it at levels around 40p soon  and that is even better! Image source: Getty Images. As I mentioned above, Britain’s banking stocks have been caught in a current of wild changes in investor confidence this year. Registered Office: 5 New Street Square, London EC4A 3TW. Use promo code FIN100-ML today and enjoy up to 100 free trades within your first three months! If you’re aiming to get your finances on track and you’re in or near retirement, then here’s your chance to claim a FREE copy of an exceptional investing report featuring 5 stocks that The Motley Fool UK is expressly recommending for INVESTORS aged 50 and OVER to consider investing in! Looking forward, a final reason the share price is falling is due to the outlook for the bank. Through the fog, however, the FTSE 100 bank has actually performed pretty well in the circumstances, its share price up 13% since New Year’s Day. The Motley Fool Ltd. The Lloyds share price may also benefit from a focus on customer service. Lloyds share price continues its relentless selloff which was kicked off by the UK government’s sale of nearly all of the last of its holdings it acquired in the bank in 2008. 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