It’s been a strange week. Phone calls from my muckers suggest next to nothing has been going on in the wonderful world of the “$4 trillion a day FX Market”©. Yes, I know it’s barely a week since the Bank for International Settlements published its authoritative Triennial central bank survey, reporting daily activity of $3.2 trillion. As we all know, turnover has continued to expand since then, and I for one don’t want to use what might be out of date data for the next three years to refer to the market’s size; so I’m sticking with my guesstimate. In fact, I am copyrighting and in the process of buying a website for it.
Anyway, I thought I’d have to resort to writing a lifestyle column this week to make up for the fact that so little has happened. My week has been quite good. My daughter Katie came home from school on Tuesday, highly impressed that when she did a Google search on my name, she found me. This apparently impressed her friends, even though they had no idea what the weeklyFiX was going on about – much like my sub-editors really. (Careful! I wield a mighty red pen – Sub-ed.)