FX turnover hits new record high in UK

All global currency trading centres register growth in April, compared with previous semi-annual survey

london-bridge
Capital result: London cements its position as the world's largest FX trading centre with new turnover record

Foreign exchange trading volumes in London, the world’s largest currency hub, hit a new record in April, with $2.727 trillion of trades booked a day on average, according to the last semi-annual turnover survey by the Bank of England (BoE).

Across the world, the FX committees (FXC) of seven major central banks publish turnover numbers every six months, providing a snapshot of trading activity in the largest currency trading hubs. All reporting FXCs have reported higher turnover than in October

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