FX volumes set for more modest rise in October 2011 survey results

Bank of England building in London

A dramatic rise in foreign exchange turnover between October 2010 and April 2011, most notably in the UK, is not expected to be repeated on the same scale when the regional foreign exchange committees unveil turnover figures for October 2011 later this month.

The semi-annual FX survey, which is usually published by the FX committees in late January and late July each year, covers turnover for the UK, US, Canada, Tokyo, Singapore and Australia, and has become a barometer for the growth of the

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