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Despite reports of a growing sense of confidence in the City, with around half of the UK’s banking and financial professionals stating that they are feeling positive about the year ahead , City workers are apparently remaining much more cautious when it comes to spending.

Whilst remaining outwardly bullish about their prospects for 2011, with around 41% of those questioned believing that their company would increase staff numbers this year, it seems that a combination of the new European regulations over bonuses and an on-going climate of economic uncertainty are combining to create a more restrained approach when it comes to their own finances.

A recent survey has found that City workers spent up to 50% less on overseas purchases in 2010 than in 2009. World First - the foreign exchange broker, which makes overseas payments for private individuals - found that clients who are based...

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