London FX trading at three-year high, despite Brexit
Turnover hits daily average of $2.44trn in April, 12% higher than in October 2016 and up 10% on a year ago – Bank of England
Foreign exchange trading out of London stood at $2.44 trillion in April, a 10% increase compared with the same month of 2016, and 12% higher than in October, thanks to a rise in turnover in sterling and euro against the dollar, the Bank of England (BoE) said on July 26.
In its twenty-fifth semi-annual turnover survey for the Foreign Exchange Joint Standing Committee (FXJSC), the BoE said the figures represent the highest level of turnover since the record high set in October 2014, when a daily
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