FX trading in London hits record high

Foreign exchange trading volumes in London achieved a new record in April, rising 12% since October 2018 to book an average of $2.858 trillion worth of trades a day and solidifying the City’s position as the world’s largest currency hub. 

“Given today’s market conditions and currency volatility, it shouldn’t come as a major surprise to see the impact that FX had on markets in the US, UK and Canada,” says Wolfgang Koester, chief strategist at Kyriba.