Lloyds Banking Group shares fall 1.85% premarket as UK financial institutions increase AI investment.

Lloyds Banking Group Plc fell 1.85% in premarket trading. The decline comes as the UK financial sector is experiencing increased investment in AI, with nearly 60% of institutions reporting improved productivity from AI adoption. However, the broader market sentiment is bearish due to rising borrowing costs and concerns over the UK's fiscal stability, which may have contributed to the stock's decline.