According to a survey report for the last three years, the global currency dealing showed a sharp growth of 20% in trading with most of the business carried out in London.

The global trading jumped by 20% in the three years since last survey was carried out by the bank for International Settlements (BIS). The bank is also called as the bank of central bankers. Meanwhile London has shown a growth of 25% which was more than average.

As per the figures, about 4 trillion dollars trades in the world market per day. According to the head of currency research at Bank of New York Mellon, Simon Derrick this new figure about global trading has suggested that the growth in foreign exchange trading raced up and that reflects the growth of the economic strength of the developing countries.

This report suggested the China, Brazil, Turkey and India as the fastest growing economies of the world.

The foreign exchange in London was recorded at 37% of the global exchange taking place in the city. US the second most important currency center but it trades half of the amount of trading of London.