Spot FX volumes drop in May as Brexit vote looms

June 7, 2016 8:51 AM

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LONDON, June 7 Daily spot trading volumes on the biggest currency trading platforms run by Thomson Reuters and ICAP continued to fall in May, extending a downward trend seen in recent months, according to figures the companies published.

Senior industry officials have cited uncertainty ahead of Britain's vote on whether to stay in the European Union as one of the reasons for a recent drop in volumes and a drying up of liquidity. Daily volumes have also been hurt by regulatory changes that have crimped banks' risk-taking ability, and...

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