The UK economy is facing more redundancies, with substantial cuts expected in the public sector, a report said yesterday. Almost one in three public sector employers plan to shed jobs this quarter, the Chartered Institute of Personnel and Development stated.
Its latest quarterly survey found that the jobs outlook had worsened despite the UK emerging from recession, another strong indicator that the UK may be entering the second phase of a double dip or W-shaped recovery – bad news for the Pound!
The latest unemployment number (which currently stands at 2.46 million) is released tomorrow. A significant increase is likely to have a pretty negative effect on the value of the Pound as fears continue to mount over the long term financial health of Britain.
If you want to be among the first to know the number, literally only a few minutes after its release, email me today at sah@currencies.co.uk and I’ll personally make sure you are emailed the data and how it has affected exchange rates tomorrow morning.
If, however, you are getting tired on the insecurity of the UK economy and need to buy currency in 2010 call us free today on 0800 328 5884 and find out about the contract types we have available that can be tailored to your specific needs.
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