Published by Zeb BhamForeign exchange trading activity could be affected after experts warned that more prominent high street names are likely to collapse in the near future.Jeremy Oddie, chairman of insolvency specialist R3 in the north-west of England, was quoted by the Manchester Evening News as saying the retail economy seems to have gone into recession.This, he said, is down to growing pressures on consumers' finances, which has forced them to alter their spending habits.Mr Oddie warned that this could have a negative impact on many well-known retailers, to the point where some may close down."We are likely to see more big names fail before the worst is over," he commented.Brian Green of accountancy firm KPMG acknowledged that low interest rates are currently having a "cushioning" effect, but said this is being "overtaken" by increasing living costs and a slump in consumer confidence."Persistently worsening consumer spend is starting to crystalise in business failure," he added.This comes after Judith McKenna of the CBI said the volume of sales on British high streets has "fizzled out" in the last month.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site