Lloyds Expects Profits in 2010

Lloyds Banking Group have announced that they think they will make some good profits in 2010.  The news, which surprised the markets, sent European shares up – with banks in the lead.

Lloyds is 41% owned by the Government, since it required a big bailout in 2009 at the height of the financial crisis.  Many (including taxpayers, one might presume) are sure to be happy at the news that the banking giant is now looking set to make good profits.

Meanwhile, the currency exchange market is still unhappy about Greece.  And the UK.  Thanks to a comment from a Bank of England official, that the risk of a ‘double-dip’ is still possible for the UK economy, the pound dipped in this morning’s trade.

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