Retail forex broker Alpari has just reported its monthly trading volumes for November 2017, which took another step forward, ultimately adding to the October’s strong performance, according to a corporate statement.
During the last month of autumn, Alpari disclosed that a total of $137.9 billion was traded, which represents a move higher over a monthly timeframe, as volumes jumped 13.4 percent month-over-month from $121.6 billion back in October 2017. Indeed, November’s volumes are a fresh company’s peak for 2017.
In addition, the latest figures are a rise of 54 percent year-over-year compared to $89.4 billion November 2016.
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In connection with the increased volatility of the British pound, as a breakthrough over the Brexit process could be months away, as well as uncertainty about the Fed’s tightening cycle, trading on GBP/USD and EUR/USD instruments enjoyed far greater popularity among Alpari’s clients in the previous month. Specifically, the turnover of those pairings ticked up by 24 percent and 20 percent, respectively, in November 2017.
The renewed rebound off August’s lower volumes highlights the fact that the broker has been able to capitalise on the healthy bouts of volatility that have been rocking financial markets.