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Icap FX volumes surged to hit $200bn on Brexit day

Michael Spencer says historic vote to leave the European Union means a 'more uncertain' road to normal market conditions

Icap FX volumes surged to hit $200bn on Brexit day

The interdealer broker Icap handled more than double its average daily FX volume on the day after the UK's historic vote to leave the European Union.

In a trading statement covering the three months to the end of June, published on July 13, Icap's chief executive Michael Spencer said the road back to "more normal" market conditions looked "more uncertain" in the wake of the UK's June 23 vote to leave the EU.

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