Today European shares rose in the morning thanks to an announcement from Lloyds Banking Group. They expect to make profits in 2010, meaning good news for all - consequently banks led the share rise.
Lloyds is still 41% owned by the Government, after they were forced to bail out the ailing banking giant last year. This was due to the financial crisis and the difficult takeover of Scottish bank HBOS.
Now it looks as though things are taking a turn for the better. However, there is always one spanner in the works and today it was thanks to a BoE official who warned that there is still the risk of a double-dip. In other words, that the recovery of the economy could take a sharp knock downwards.
The comments sent the pound down on the currency exchange market.
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