# UPDATE 1-Sterling trading volumes boosted by Brexit to record high | Financial News

> The Bank of England reported that UK FX daily trading volumes reached a record $2.88 trillion in October 2019, up 11% on 2018. Sterling trading rose to a record as Brexit negotiations drove currency swings, while Chinese yuan volumes in London fell 10%.

- Date: 2020-02-04 · published 2020-02-04T12:00:00.000Z
- Category: report · region UK · magnitude low
- Page: https://feedsoft.ai/events/54829-update-1-sterling-trading-volumes-boosted-by-brexit-to-record-high-financial
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

This is a structural FX market statistic with no direct effect on feed supply, demand or prices.

## Sources

- lse.co.uk: https://www.lse.co.uk/news/update-1-sterling-trading-volumes-boosted-by-brexit-to-record-high-s71vu2jaw73ydxf.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.