FX volumes rebound in London and New York
Semi-annual surveys of seven major central banks show FX activity in the US and UK rising by 7%
Foreign exchange turnover in the world’s two largest trading centres rose by 7% in October 2017, outpacing the largely flat or declining volumes seen in other regional centres, according to the semi-annual surveys of seven major central banks.
The UK and North America saw a healthy rebound in volumes, while Australian activity plummeted some 11%, compared with the same month of 2016. The UK retained its position as the largest currency trading centre in the world, with daily average volumes of
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