LOOSE CHANGE

LOOSE CHANGE

Addressing the question of post-EMU forex trading at FX '97, Dow Jones Markets' sixth annual forex conference in London, Bob Blower of the British Bankers Association said there would be a 10-20 per cent reduction in FX volumes among interbank traders in London (and an even bigger fall among European centres), but forecasts only about a 2 per cent reduction in corporate business. He also said national currencies will disappear in 2002, but the euro will arrive before this date.

The Regional

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