Foreign exchange daily turnover in UK reaches record

“Average daily reported UK foreign exchange turnover was a record $2,881bn (€2,671bn) in the survey, a 2% increase from the previous high in April last year and an 11% increase from October 2018.”

Dan Marcus, chief executive of ParFX, and Curtis Pfeiffer, chief business officer at Pragma, both agreed that the results highlight the importance of London to global FX markets and the long-term trend of sustainable growth.

Read what Dan Marcus has to say about FX swaps and non-deliverable forwards and Pfeiffer on spot trading in Markets Media.

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