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The foreign exchange market of London : development since 1900.
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ISBN: 041534901X 0415647835 9786610225576 1134273959 1280225572 020332269X 9780203322697 9780415349017 9781134273904 1134273908 9781134273942 1134273940 9781134273959 9780415647830 9781280225574 6610225575 9781134273928 1134273924 Year: 2005 Publisher: London Routledge

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Abstract

Foreign Exchange is big business in the City of London. At the last official count, turnover on the London foreign exchange market averaged a staggering 504 billion a day. No other financial centre in the world even comes close to matching this total. Thirty one per cent of global foreign exchange activity takes place in the United Kingdom, compared with only sixteen per cent in the United States and nine per cent in Japan.However, this has not always been so. A hundred years ago, the London foreign exchange market played second fiddle to more important centres in New York, Paris an

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