FX volume resumes steady rise after yen-driven spike, surveys reveal
The increase in foreign exchange turnover has returned to a more gradual pace, after a sharp spike a year ago when volatility in the yen led to record trading volume, according to the latest central bank-sponsored semi-annual turnover surveys.
In October 2013 – the last month for which comprehensive data was collected from banks – average daily turnover in the UK was $2.234 trillion, a decrease of 12% from $2.547 trillion in April 2013, but up 11% since October 2012, according to data published
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