London retains premier spot in FX, according to volume figures

City of London

Average daily foreign exchange turnover in the UK was $1.8 trillion in October 2010, according to the UK's Foreign Exchange Joint Standing Committee (FXJSC), 24% higher than a year earlier and 8% higher than in April 2010. This was the highest turnover recorded since the semi-annual industry survey began.

"Recently, there have been worries that the role of London as a financial centre might be declining but at least on the FX side, that doesn't seem to be the case, based on this data," said

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