London
CURRENCY trading rose in the six months till April across major global centres, from Tokyo to London to New York, as investors grappled with monetary-policy whiplash, surveys from central banks showed.
In the UK, the world's largest foreign-exchange market, average daily volume rose 5 per cent from October to US$2.21 trillion, led by a 27 per cent jump in dollar-yen transactions, according to the Bank of England's Foreign Exchange Joint Standing Committee. The volume dropped 9 per cent from...
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