Published by Zeb BhamForeign exchange trading volumes rebounded in the six months to October, according to the latest figures from the Bank of England's Joint Standing Committee.The group reported that although total trading volumes were down nine per cent year-on-year in October, there was a 14 per cent rise against volumes for April.The Financial Times reports that further figures show that London retained its position as the world's premier foreign exchange trading centre, with daily turnover standing at $1,549 billion in October 2009, compared with $675 billion in daily transactions in New York during the month."We are not surprised that market participants have returned to actively managing their exposures in FX markets and that volumes have continued to grow," said Jeff Feig, chairman of the Federal Reserve Bank of New York's foreign exchange committee, adding that the recovery had been seen in virtually all instrument classes.UK-based traders will be paying close attention to the Bank of England this morning (January 26th) as it is due to publish gross domestic figures showing that the country exited recession in the final quarter of 2009.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site