Global FX volumes climb off record highs

A view of the London City skyline
A view of the London skyline

Foreign exchange turnover in April slipped from the record highs registered in October 2014, but still grew by 5% in the UK – the world's largest FX trading hub – compared with the same month of last year.

In the UK, turnover for most products fell compared with October, but volumes were still higher, at $2.48 trillion a day on average, with the exception of FX swaps, which declined 14% on the year in April.

FX spot volumes stood at $973 billion a day, showing a 24% increase on the year, despite

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