The Bank of England’s latest industry survey provides a new snapshot of activity in the UK foreign-exchange market.
Twenty-five financial institutions active in the United Kingdom’s foreign-exchange market participated in the April 2026 semi-annual turnover survey conducted for the Foreign Exchange Joint Standing Committee. The Bank of England released summary results and separate detailed tables for the reporting period. Comparable surveys were conducted in New York, Singapore, Tokyo, Canada and Australia, providing a coordinated view of activity across major currency-trading centres. The UK exercise forms part of ongoing monitoring of wholesale FX market structure, transaction activity and changing trading patterns.
AI-generated analysis based on the reported information above.
Regular turnover surveys may help market participants and regulators identify shifts in liquidity, instruments and trading venues across major FX hubs. The coordinated timing also supports comparisons between London and competing centres, although the summary alone does not establish a change in market share. For institutions exposed to currencies, the detailed tables could offer a more useful signal about where activity is concentrating. The market should watch subsequent survey periods for persistent changes rather than drawing conclusions from a single snapshot.
