Predicted FX volumes: Get ready for BIS
Next week sees the release of the eagerly awaited Triennial Central Bank Survey on FX surveys by the Bank for International Settlements. Here's my prediction on the size of the market today.
I’m sure that I will have offers from many experts offering to analyse and explain the figures once they are published. All very helpful, but do any of you want to put your necks on the block and make a price now (for charity?) on the size of the market as reported by BIS? I’m $3.25 trillion bid for £50 a trillion to get things started.