Trade

(asked on 25th October 2016) - View Source

Question to the Department for International Trade:

To ask Her Majesty’s Government what is the latest estimate of the percentage of world trade which is transacted in pounds sterling.


Answered by
 Portrait
Lord Price
This question was answered on 31st October 2016

HMG does not hold official data that directly measures the percentage of world trade which is transacted in pounds sterling.

According to the Bank for International Settlements, in the year up to April 2016 13% of the world’s foreign exchange transactions was conducted in pounds sterling.

[Source: Bank for International Settlements, Triennial Central Bank Survey of foreign exchange and OTC derivatives markets in 2016 – table D11.3 http://stats.bis.org/statx/srs/table/d11.3 ]

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