The latest report from the Finance Magnates Intelligence Department reveals that USD pairs comprised the largest share of trading during the fourth quarter of 2016, with cable (GBP/USD) leading the pack.
As we last reported, retail forex traders were drawn to the high volatility offered by the British currency in September 2016 due to the turmoil around the Brexit. The new analysis shows this situation continued during the last three months of the year as GBP/USD remained the most popular pair during the period.
The data also shows that in total, pairs involving GBP made up 11.7% of trading volumes (most of it the cable volume of course), just beneath JPY pairs at 12.8%. The leading currency in all trades was the USD with 30.4% and the EUR was in second place with 16.8%.
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