UK’s Foreign Exchange Committee Survey Shows Tepid Increase in FX Volumes

[kreslik.news]

The London Foreign Exchange Joint Standing Committee (FXJSC), administered by the Bank of England (BoE), has released its semi-annual survey of foreign exchange (FX) turnover in the UK, a composite tracking twenty-nine dealing banks in London, per a BoE filing.

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For the month ending October 2016, average daily volumes came in -2.0% lower relative to April 2016. This was offset by growth over a YoY basis, justifying 3.0% YoY since October 2015. In addition, the average daily reported UK FX turnover was $2.18 trillion per day ... (read more)