The City

AAA

DEFINITION of 'The City'

The main financial district of London, and one of the world's major concentrations of business and financial institutions. The City is approximately one square mile and is located in the city of London within the United Kingdom. The City is the world's largest currency trading center surpassing the second place New York City.

INVESTOPEDIA EXPLAINS 'The City'

The foreign exchange market is the world's largest financial market. Highly liquid, the average daily volume is in the trillions of dollars. London accounts for more than one-third of the total daily turnover, followed by New York City and Tokyo. London's collective business and financial institutions such as Bank of England and the Royal Exchange are located there.

RELATED TERMS
  1. Currency Carry Trade

    A strategy in which an investor sells a certain currency with ...
  2. Forex - FX

    The market in which currencies are traded. The forex market is ...
  3. Base Currency

    The first currency quoted in a currency pair on forex. It is ...
  4. Cross Currency

    A pair of currencies traded in forex that does not include the ...
  5. Currency Pair

    The quotation and pricing structure of the currencies traded ...
  6. GBP/USD (British Pound/U.S. Dollar) ...

    The abbreviation for the British pound and U.S. dollar (GBP/USD) ...
Related Articles
  1. The Birth Of Stock Exchanges
    Personal Finance

    The Birth Of Stock Exchanges

  2. The Forex Three-Session System
    Forex Education

    The Forex Three-Session System

  3. What's the difference between legal ...
    Investing

    What's the difference between legal ...

  4. Are You An Investor Or Trader?
    Investing Basics

    Are You An Investor Or Trader?

Hot Definitions
  1. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  2. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  3. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  4. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  5. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  6. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
Trading Center