B of E says For Ex turnover down in last 3 years

UK - Average daily spot and forward foreign exchange transactions in London are worth $504 billion a day, down 21% from $637 billion a day in 1998, the Bank of England said Tuesday 9 October.

The U.K. central bank added that at constant 2001 exchange rates, the fall was a more modest 15%, but it follows many years of rapid expansion for this market.

The Bank's data was used to compile a wider three-year survey on the world foreign exchange market carried out by the Bank for International

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking 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 individual account

.