FX Week

London Clearing Banks Widen Some Interbank FX Spreads

BANKS

Britain’s big clearing banks, Barclays, Natwest, Midland and Lloyds, have widened their dealing spreads for some interbank foreign exchange transactions while keeping their corporate quotes narrow to discourage competitors from using their liquidity to poach corporate business.

According to market participants, banks have been pressing their foreign exchange departments to do more corporate business, partly for strategic reasons and partly because interbank trading has become less profitable

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week 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: