UH-OH: MAJORITY OF LONDON'S FINANCE PRO'S PREDICT HIGH IMPACT EVENT, AKA "CRASH"

THE RISK of another financial crisis is the highest it has been since the summer of 2008, according to a Bank of England survey released yesterday.

The survey of 68 City market participants found that over half (54 per cent) rate the chance of a “high-impact event” as either high or very high.

Only three per cent said the chance was low or very low.

Sovereign debt crises were the most cited risk along with worries over an impending economic downturn, with 76 per cent of respondents citing these factors.

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