City workers have stayed away from their offices in London after slow trading left the financial sector ‘on hold’, the Guardian has reported.
Employees were not expected back at their desks any time soon: “It will be very quiet for the next few days,” Andy Ash, a strategist at Monument Securities told the paper.
Share trading was lower than last year – less than half the average daily volume.
“It is very quiet, most of the dealing is automated trading,” noted Angus Campbell, head of sales at Capital Spreads.
“The way Christmas has fallen, and with the new year just a couple of days before a weekend, people have worked out they can take just a couple of days off and have a one and a half week holiday,” the Guardian reported he said.
Many people will also opt for restrained New Year’s celebrations, according to a survey by National Savings and Investments.
It found 58 per cent of respondents will stay local to cut costs, and 42 per cent will opt to stay at home and celebrate with friends.