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UK keeps title as world forex trade hub
The UK held onto its status as the world's currency trading hub in 2007-2010 with average daily turnover rising roughly 25 percent to $1.9 trillion (1.24 trillion pounds) more than double that in the United States the No. 2 centre.
Read more...Morning business news - September 2
FOREX TRADING HITS $4 TRILLION A DAY - The volume of currency trading the world now sees every day is worth $4 trillion. That is according to figures this week from the Bank of International Settlements, the central bankers' central bank.
Read more...UK PMI Hits Nine-Month Low
The Chartered Institute of Purchasing and Supply along with Markit Economics reported the UK purchasing-manager-index (PMI) fell to its lowest level in nine months at 54.3. Missing expectations of 57.0 and declining from Julys (revised) 56.9. While the reading remains comfortably above the key 50 level, indicating that the manufacturing sector is still in expansion the pace has slowed ...
Read more...Forex: EUR/GBP soars past 0.8300 after downbeat UK manufacturing
FXstreet.com (Barcelona) - Euro uptrend from 0.8160/70 lows on Monday has extended about 50 pips higher, breaking above 0.8280/90 resistance area extending to a fresh 3-week high at 0.8315 area after downbeat UK Manufacturing data.
Read more...GBP/USD Performance Chart as at 3:00 a.m. Singapore time, 2/09/10
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