The Traderszone Network

Published in TZ Latest News 24 January, 2017 by The TZ Newswire Staff

There was more FX trade in London, less in New York in October

Fed and BOE release surveys
– North American average FX volume fell 1.3% to $881.3B per day in October according to the NY Fed
– The BOE reports that daily FX volumes in London were up 3% y/y to $2.179T in October
The surveys also said GBP trading was up and JPY trading was down, which makes sense given the volatility.