London’s Dominance Continues: FX Volume Hits Fresh Record at $2.72 Trillion

[kreslik.news]

Daily foreign exchange trading volumes out of London have climbed by 15 percent in the past six months and 14 percent from the year ago, to $2.72 trillion, the Bank of England said in its latest triennial report on the FX market.

The figure is the highest recorded since the survey began in 2004 and bests the previous record of $2,71 billion set in October 2014. The results of April 2018 survey also confirm that London remains the world’s biggest currency trading hub, responsible for nearly 40 percent of global volumes, with daily turnover more than double that of its nearest rival, ... (read more)