BIS Survey Shows London Remains Top Forex Centre Preliminary Results Show
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LONDON--London solidified its standing as the leading foreign exchange centre in early results of the triennial international forex turnover survey, which is currently being compiled by the Bank for International Settlements (BIS).
London leads the field with average daily FX volume of $637 billion, followed by the US with $351 billion; however, the 43 per cent growth rate of the US market surpassed that of the UK, which showed a 37 per cent increase.
The survey sampling of 43 central banks is a
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