Any London forex trading move would be ‘gradual’ – ECB

ecb-hq-3
Annabel Jeffery

Any post-Brexit move of euro-denominated foreign exchange (forex) trading away from the City of London is likely to be “gradual”, a study by the European Central Bank (ECB) argues.

The claim comes in a special feature in the ECB’s latest annual publication on the euro’s international role. Approximately 84% of forex transactions in euro are initiated outside the eurozone, according to data from the triennial survey of the Bank for International Settlements (BIS) in 2016. Arnaud Mehl, the

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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 here: