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