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UK forex turnover has jumped
Global foreign exchange turnover rose in April 2011 from October 2010, driven by increasing volume across spot, forwards, swaps and options activities, according to a survey released by major central banks. Average daily turnover in UK foreign exchange markets rose to a record $2.191 trillion (£1.34 trillion) in April, keeping intact London’s status as the world’s largest FX market, according to the Bank of England.