Global Money Markets
Came across an interesting piece on the global money markets today. I’d already seen the estimates of somewhere between US$1 and US$1.5 trillion being traded on the foreign exchange markets each day, but have to admit I had no idea that the UK’s share of this trade was (a) bigger than that of any other single nation and (b) accounted for a third of all trading globally.
(Source: http://www.ny.frb.org/education/fx/foreign.html)
