London Brokers Pessimistic About Year Ahead Credit Concerns, Bank Mergers, Reuters Cited

- By FX Markets Staff
- @FXMarkets_
- 18 Jan 1991

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After a year that saw a wave of lay offs and declining volume and with war in the Gulf a near-certainty, London foreign exchange brokers looked nervously ahead at 1991 with understandable pessimism--exacerbated by the tense atmosphere on January 15 as trading slowed and people waited for news.

"I've never seen such uncertain times," says Gary Klesch, until recently chairman of broker R.P. Martin and still the proprietor of parent Martin Bierbaum. "There are so many things that could happen."

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