The chairman of UK bank Lloyds, Win Bischoff is to retire in 2014. The government bailed bank will be looking to employ someone who can steer the bank out of the governments hands.

Talk has already emerged that the UK government will be looking into selling it’s holdings. The shares will reach break even price for the government at around £0.61p with current prices around £0.57P

Although not directly FX related, should the government start off loading shares at a decent profit we can expect the figures to affect UK debt data. With £20bn pumped in at the beginning George Osborne will be looking to take a healthy profit to add another string to the election campaign bow.