Gillmore Centre Network
FX swaps allow dealers to exchange currencies, with an agreement to reverse the transaction at a specific date and price in the future. It is a market that is growing rapidly, increasing in size by around 20% in the past three years alone. The average daily reported foreign exchange swap turnover in the UK was recorded at $3,117bn in April 2023, making up 46% of all FX trading instruments.
Some 85 per cent of young people between 16 and 18 feel they have to move for better job opportunities, despite having desirable tech skills, according to Social Mobility Foundation research. School leavers believe that staying in their area is not an option, with over 80 per cent saying they need to move to get better opportunities. This number rose to over 90 per cent in the north-east, Yorkshire and the east of England.
How Technology is supercharging Next Generation Services in Birmingham and the West Midlands
A new Impact Report commissioned by SuperTech, the UK鈥檚 only tech supercluster, reveals that Birmingham and the West Midlands are on track to achieve 拢1 billion in economic output. The region is a thriving centre of innovation and has the potential to improve productivity, drive even more inward investment and foster a skills revolution, if industry and public bodies back its rapid growth.
The prospect of significant future growth in the ProfTech sector in the West Midlands is to be highlighted at a unique pair of events in London and Birmingham as part of the launch of SuperTech鈥檚 Impact Report.
The City of London Corporation hosted a reception (20th September 2023) to highlight opportunities in next generation services in Birmingham. The Guildhall Art Gallery event will be followed in a few weeks by a Mayoral Roundtable, hosted by West Midlands Mayor Andy Street, to discuss next steps in delivering ProfTech鈥檚 potential as part of the West Midlands Plan for Growth.