Parts of the City of London are in serious decline

Once every three years the Bank of England — working with the BIS — comes out with the results of a survey providing a snapshot of FX and rates trading volumes in London. The latest summary is out. Usually we just gawp a the size of the notional numb…

Once every three years the Bank of England -- working with the BIS -- comes out with the results of a survey providing a snapshot of FX and rates trading volumes in London. The latest summary is out. Usually we just gawp a the size of the notional numbers involved and maybe bask in the knowledge that, in this area at least, London comfortably outflanks New York. But not this time.

Continue reading: Parts of the City of London are in serious decline