Mixed forecast for FX

- By FX Markets Staff
- @FXMarkets_
- 20 Oct 2008

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Last Monday (October 13), a report from the Centre for Economics and Business Research (CEBR) predicted 62,000 jobs will be lost in the UK capital's financial sector over the next two years. However, market participants believe that, while FX teams will not expand much, the strength of the asset class will prevent wholesale cuts in the product line.

"Some other markets are effectively going to be dismantled," said Kenan Altunis, London-based global head of FX sales at UniCredit. "The credit

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