GBP fall sparks volume rise

- By FX Markets Staff
- @FXMarkets_
- 15 Dec 2008

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"The majority of trading this morning has been in cable, which is a bit unusual for this time of year," said one London-based head of electronic commerce on Friday (December 12). "The drop in sterling has been a big move."

However, with fewer market-makers trading and the subsequent poor liquidity, moves have been exaggerated. said a trader in London.

Simon Smollett, senior options strategist at Calyon in London, said that, with the reduced number of market-makers, any sizeable trades by those

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