London forex faces 130 job cuts
"FX job cuts are likely to result from cross-border money flows becoming less liquid," Jonathan Said, a CEBR economist, told FX Week. "In 2007, private equity and hedge fund deals were thwarted due to the impossibility of obtaining cheap credit on the inter-bank market. This is causing a slight volume decline in the foreign exchange market, and will lead to fewer FX traders being needed in 2008."
While the CEBR declined to speculate on where FX cuts would fall, a London-based recruitment
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