London RMB Foreign Exchange Market About 33% of all CNH spot trading on EBS took place during EMEA trading hours in July, the same percentage from February 2020. In Q2, 2020, the average daily CNH FX trading volume in London decreased to GBP65.6 billion, down 22.85% YoY.
The latest data shows that Cross-border RMB transactions between China and the UK surged to RMB633.6 billion between March to July 2020, up 169% year-on-year.