UK financiers predict 'gloomy 2008'


UK financiers predict 'gloomy 2008'
UK financiers are not predicting a positive outlook for the industry in 2008.

A poll by has revealed that financial workers in the UK have the gloomiest outlook for the business in 2008.

According to the survey, 40.8 per cent of respondents believe that 2008 could be a worse year in the financial services industry than 2007.

This was found to be a more pessimistic view than US bankers, with only 31.8 per cent agreeing that 2008 could be a tough year for trading, despite financiers in the US dealing with the aftermath of the stock market volatility and the problems surrounding the sub-prime mortgage crisis.

Financial workers in Singapore offered the one of the most positive predictions, as 41.6 per cent said 2008 could be a good year for financial markets.

Hong Kong financiers were close behind, with 40.5 per cent agreeing with the Singapore outlook.

Related categories: Banking / Finance.

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