Yuan shines as UK FX turnover slips

Average daily London trading was lower in October, as were the tallies in New York and Singapore

banker london trading - web.jpg
Wider view: despite the fall, London's FX turnover in October was the third-largest on record

Foreign exchange turnover in London has fallen, after hitting a record high in the Bank of England’s previous semi-annual survey of the Square Mile.

Trading in the City dropped 4.3% to a daily average of $2.611 trillion in October 2018, according to the latest figures from the BoE’s Foreign Exchange Joint Standing Committee (FXJSC), released on January 29.

Nevertheless, the October total for the world’s largest FX trading centre still came in as the third-largest turnover on record.

With a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: