BOE releases it's latest FX volume report

  • Average daily volume -13% in Oct from Apr
  • Lowest FX volumes since Oct 2012
  • FX spot turnover -24% since April to $737bn per day
  • EURUSD volumes drop 17% to $640bn per day
  • AUDUSD +8%
  • USDCNY +3% and now the 8th largest currency pair

Due to the OTC nature of FX, there's no central point for volume analysis. The NY Fed also run a similar report which is linked on the BOE on here