With the UK pound dropping to a record low against the euro on 1 September and falling to a two and a half year low against the US dollar yesterday, currency investors are capitalising on this by trading heavily in GBP/USD. Barclays Stockbrokers saw 86% of all trades in this currency pair on 1 September while the pound was falling dramatically. Barbara-Ann King, head of proposition at Barclays Stockbrokers, commented: “We have seen a shift in client sentiment over the last few weeks with some clients selling sterling against a variety of currencies as the UK economy continues to face challenging times.
UK firms investment in training and development will increase, on average, by a fifth in the next year, claims Robert Half recruitment after interviewing 100 financial services (FS) executives.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.