Results of the Semi-Annual FX Turnover Surveys in April 2026
The Bank of England’s FXJSC released semi-annual turnover survey results for April 2026, detailing FX market activity among 25 UK institutions. The data reflects broader global FX committee surveys conducted simultaneously in major financial centers.
The survey, conducted by the Foreign Exchange Joint Standing Committee (FXJSC), collected data from 25 financial institutions operating in the UK foreign exchange market. This semi-annual exercise provides a snapshot of trading volumes and market trends, contributing to the Bank of England’s oversight of wholesale FX activity. The FXJSC, established under the Bank of England’s auspices, coordinates with global counterparts to ensure consistent data collection across key financial hubs.
The Operations Sub-Committee, formed in 2002, includes operations managers from major banks, service providers, trade associations, and the Financial Conduct Authority (FCA). Its role is to support the FXJSC by addressing operational challenges in the London wholesale FX market, ensuring smooth market functioning and regulatory alignment.
The Legal Sub-Committee, created in 2004, comprises legal professionals from major institutions and FCA representatives. It focuses on legal and regulatory developments affecting the wholesale FX market, providing guidance to maintain compliance and market integrity in London’s FX operations.
The April 2026 survey results, alongside parallel reports from New York, Singapore, Tokyo, Canada, and Australia, offer comparative insights into global FX turnover. These findings support policymakers and market participants in assessing liquidity, risk, and structural trends across international FX markets.