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Home News Latest News Unwelcome Impact of England's World Cup Exploits
Unwelcome Impact of England's World Cup Exploits
Tuesday, 29 June 2010 12:26
While most of us just want to forget about the recent displays by the National team at the 2010 FIFA World Cup in South Africa, it is interesting to note the effects on the market at the times of England's recent matches. Fortunately for most (if you can consider it as 'fortunate'), the majority of England's games were outside of normal office hours - but the effects of the Slovenia game at 14:00BST on Wednesday June 23rd saw a lot of staff from all lines of work absent from their posts which gave an irregular market movement and resulted in suppliers withdrawing prices as a knee-jerk reaction (something some of the players were missing perhaps...).

Although market movements can very rarely be put down to single events, the fact that some traders and suppliers were among those absent from work (of course, being the expert energy consultancy we are, we had all hands on deck at all times!), and with many production lines reducing output during the game - the blip in usage and the inability to communicate using the normal procedures resulted in a 'better safe than sorry' attitude as suppliers covered their backs and pulled prices at short notice. This, of course, will have resulted in a lot of wasted time and subsequently duplicated work for those looking to secure business at that time.

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