U.K. Currency Trading Increased to a Record in April, BOE Says

U.K. currency-trading volumes rose to a record $2.55 trillion a day in April, 26 percent higher than in October, the Bank of England said today, citing a twice-yearly survey.

The increase was aided by a “substantial” jump in trading of the dollar against the yen, which more than doubled, the London-based central bank said in a statement on its website.

Spot foreign-exchange trading surged 38 percent to more than $1 trillion a day, also a record, according to the survey, carried out for the Bank of England’s Foreign Exchange Joint Standing Committee.

Thirty banks participated in the survey, the Bank of England said.

To contact the reporter on this story: Anchalee Worrachate in London at aworrachate@bloomberg.net

To contact the editor responsible for this story: Paul Dobson at pdobson2@bloomberg.net

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