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Latest turnover figures tell positive story for FX, say committee members

Steady volume rises in US and UK indicative of healthy state of foreign exchange markets

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The continued rise in foreign exchange turnover in the UK and US between April and October 2011, as reported by the main foreign exchange committees last week, is a positive sign that markets are emerging from the downturn, despite the short-term impact of the eurozone crisis, committee members have told FX Week.

On February 6, the Bank of England's Foreign Exchange Joint Standing Committee (JSC)

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