BIS: overall FX volumes increase to $6.6 trillion as London trading soars

While the UK capital reinforces its prominence in FX markets, trading in Asian currencies heats up

London skyline at sunset
2019 BIS survey: London boosts share of overall FX trading to 43.1%, ahead of New York’s 16.5%

Against a backdrop of record low volatility and heightened trade tensions between the US and China, overall trading volumes in foreign exchange markets rose to a worldwide daily average of $6.6 trillion this year, a 30% increase on the $5.1 trillion figure from 2016, the latest triennial FX survey published by the Bank for International Settlements (BIS) reveals today.

The report marks the first rise in FX volumes since 2013, after the drop seen in the 2016 survey.

London reinforced its

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