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.
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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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This research is based on analysis of data from thousands of positions, powered by trader consulting service firm Tradeproofer.
This is the latest publication from the FM Indices – a new cross-industry benchmark created with a methodological formula that matriculates data from three main sources: insider information, our unique database and technological BI tools.
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