LONDON, July 27 (Reuters) - Average daily turnover on the UK foreign exchange market totalled $1.356 trillion in April, down 20 percent from six months ago, as spot transaction volumes have slumped during the global financial crisis, a survey showed on Monday.
In its semi-annual survey, the Foreign Exchange Joint Standing Committee, a group comprising 32 financial institutions active in the UK currency market, said that overall turnover fell due to a 28 percent fall in spot transactions particularly with banks and other financial institutions.
Despite the fall, the figures showed that turnover on the UK market continues to dwarf that in New York, Singapore and other reporting financial centres, keeping intact London's position of global hub of currency trading. (Editing by Toby Chopra)