Average daily FX volumes fall 21% y/y - BOE FX report

[thenews]

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