By Dale Thomas of the Bank’s Foreign Exchange Division.
In April, 26 central banks, including the Bank of England, conducted surveys of turnover in their local foreign exchange markets as part of a worldwide exercise co-ordinated by the Bank for International Settlements. The UK survey was the fourth of the London market, after those in March 1986, April 1989 and April 1992. This article sets out the results and compares them with those from previous surveys and for other major centres.
The foreign exchange market in London