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The Foreign Exchange Market of London: Development Since 1900 (Routledge Explorations in Economic History)

John Atkin




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 | #3903584 in eBooks |  2004-10-14 |  2004-10-14 | File type: PDF

||0 of 2 people found the following review helpful.| Three Stars|By Leandro Conti Ribeiro|Historical|About the Author|John Atkin retired from Citibank in 2000 after a career spanning 32 years. His principal role in the bank was that as Economic Adviser in London, but he served additionally as Chairman of the Trustees of the Citibank (UK) Pensio

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.


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