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Brexit forex demand blitzes OzForex record

Jessica Sier
Jessica SierNorth Asia correspondent
Updated

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​Brexit has delivered an Australian forex provider a record number of transactions as the plunging pound pushed investors towards safer currencies such as the US dollar and Japanese yen.

Sydney-based OzForex Group recorded the highest foreign exchange volumes in the company's 18-year history; "multiples higher" than during the global financial crisis.

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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com

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    Original URL: https://www.afr.com/markets/brexit-forex-demand-blitzes-ozforex-record-20160627-gpsoty