New York City is considered the global financial hub as it is home to the world’s two most valuable stock exchanges and the most elite investment banking firms. But when it comes to currency trading and exchanging, New York City and the United States rank far behind London and the United Kingdom.
The daily value of all foreign currencies that exchange hands on a daily basis is approximately £4.73 trillion. Among that figure, UK’s excellent brokerages facilitate around £1.72 trillion worth of transactions.
The United Kingdom’s Dominance
There are several reasons why London and the United Kingdom dominate the global money transfer industry. The first has to do with the geographic proximity to the rest of the world. While traders and currency broker experts in New York City are asleep, professionals in London and across Asia are busy transacting with each other.
And when American traders and business people wake up and start the day, workers across the United Kingdom are still at their offices.
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This alone isn’t reason enough to crown the UK as the leader of forex trading. The UK government is among the most stable in the world with a rich history of democracy, freedom, rule of law, and perhaps more importantly, a dedication towards economic development.
Equally important, the country’s official language of English — the global language of choice for commerce.
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The 2016 Brexit election did little to impact the country’s finance industry. Quite the opposite holds true as some of the largest banks reiterated London as part of their long-term plans to address the global market.
Goldman Sachs, as an example, invested £1 billion for its London-based European HQ in the Square Mile region in 2019.
Société Générale announced in 2014 it will consolidate its London workers into one location and many expected the Brexit vote to prompt the French bank to look elsewhere. But in 2019, the company finalized its move into a new state-of-the-art building in Canary Wharf.
Perhaps one fact that best highlights the UK’s dominance in foreign exchange transactions has to do with the US dollar. According to data from 2018, nearly twice as many US dollars are traded in the UK as in the US.
The following year, forex trading activity stemming from London hit a record high. The Bank of England said in its semi-annual report forex trading in London was up 7% from the prior period a year ago to around £2 trillion.
The most recent report dated Jan. 26, 2021, notes the following facts and figures:
The average daily UK foreign exchange turnover was £1.46 trillion in October.
The USD/EUR currency exchange pair was the most commonly traded with an average daily turnover of £558 billion.
Trading activity in the EUR/GBP reached a historical all-time high.
The USD/CNY currency exchange pair also reached a record high.
Currency Brokerages For Regular People
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The dominance of UK currency brokers extends beyond corporate clients transacting tens of millions of pounds at a time. In fact, the explosion of UK-based financial technology (fintech) companies over the years dominate the global competition.
TransferWise is among one of the most closely followed currency exchange companies. The London-based money transfer company boasts millions of users and was valued at around £4 billion.
The UK currency broker was born after two native Estonians met at a party in England. The two quickly realized they share an identical problem when it comes to exchanging money. By transacting with each other and ignoring a bank as a middleman, the two saved a lot of money. The two quickly realized their idea is a viable solution that can be scaled to become a global business.
TransferWise is one of many new unicorn companies — that is startups valued at $1 billion US or more. In fact, the UK is home to 45 unicorns, 18 of which are fintech companies.
Money transfer companies are a lot more popular in Europe than they are in America. There are a few reasons why this is the case.
The first has to do with the close proximity of countries to each other. Within a five-hour span, someone in the UK can travel to multiple European countries so there is an immediate need to exchange currencies. By contrast, a five-hour road trip in America means a family may not even leave their home state.
Europeans are much more open to travel than Americans so by default demand to exchange currencies is greater. In fact, US citizens ranked 60th out of more than 100 countries in their openness to travel the world. This isn’t an insult or jab at Americans, rather it is just one of the many cultural differences as Americans much prefer exploring their own country.
Americans that do travel abroad tend to avoid online money exchange. Surprisingly to many, one study shows that trust in banks surged during the COVID-19 pandemic.
The pandemic reinforced an already strong sense of loyalty a customer felt with their bank. It makes sense they would choose convenience and trust over saving money through cheaper money exchange options they aren’t familiar with.
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Conclusion: Brexit Won’t Slow UK Money Transfer Industry
For years, many experts predicted that London and the UK would see their status as an economic powerhouse and a hub for currency exchanges tumble. But heading into the post-COVID recovery era, the UK’s advanced lead in administering vaccines gives it a massive advantage over its European peers that can’t go overlooked.
Regardless, the country’s tremendous advantage over the US in terms of money exchanges might be a gap that is too wide for anyone to catch up to. The dominance of UK currency brokers coupled with one of the world’s most advanced unicorn incubators may have secured UK’s financial importance for decades to come.
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Police give update after bomb squad descended on Fallowfield and evacuated residents
Emily Sergeant
Police have given an update after officers were called to investigate reports of two ‘suspicious items’ found in front gardens in Fallowfield.
Greater Manchester Police (GMP) were called out to Abram Close, in the Fallowfield area of Manchester, shortly after 6:05pm this past Saturday (6 June 2026) following a report of a ‘suspicious item’ being found in a front garden, and officers attended the scene alongside the Explosive Ordinance Disposal (EOD).
After the EOD made an assessment of the scene, around 20 nearby properties were advised by police to evacuate ‘as a precaution’.
As the investigation continued across the weekend, a second suspicious item was then found outside a property on Rostherne Avenue at around 2:45pm yesterday afternoon (Sunday 7 June), and once again, officers and partner agencies attended the scene to put a cordon in place.
As a precaution, several other houses in the area of the second property were also asked to evacuate while this work continues.
No arrests have been made at this time, but enquiries are ongoing.
“We thank everyone for their patience so far whilst we deal with this incident, as our investigation into the full circumstances continues,” commented Detective Chief Inspector Peter Morley, of GMP’s City of Manchester Division.
“Incidents such as these are likely to cause alarm in the local community, but please be reassured that there is no wider threat.
“Officers will be on hand to ensure the safety of people in the nearby area, so please speak to them if you have any concerns. As our work continues, it is vital that anyone who has any information, no matter how small, should report it to us and allow us to investigate.”
Can you help? Any information, CCTV, dash cam, or mobile phone footage can be shared with police online via the LiveChat service at gmp.police.uk, or by calling 0161 856 4259, quoting the log number 1948 of 07/06/26.
Details can also be passed anonymously to Crimestoppers on 0800 555 111.
Featured Image – GMP
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Where to watch the 2026 World Cup in Manchester
Danny Jones
The 2026 World Cup is undoubtedly the biggest sporting event happening this year, and for those still wondering where is best to watch it, there are plenty of places in Manchester to make sure you don’t miss a second of the action.
We’re not going to get carried away and declare this as ‘England’s year’, but let’s just say we’ve got a very good squad and a head coach who has won some of the biggest footballing trophies on the planet.
That being said, we have every reason to feel positive, especially with so many great Manc pubs, bars and more screening the World Cup games.
So, let’s not drag this out like a long VAR any check: here are 26 of the best places to watch the 2026 World Cup in Manchester city centre and beyond…
26 top places to watch the World Cup in and around Manchester
1. The Grosvenor – Oxford Road Corridor
Up first on our list is the old Footage pub, which these days has been updated to The Grosvenor. They’re teaming up with Fireball for a big fan zone, including everything from free shots of that famous cinnamon whisky and other giveaways to quizzes, games and more. Grab your tickets now.
One of Manchester’s biggest and best new food halls and bars, House of Social, is also hosting its first-ever big tournament viewing party, with five big screens being installed. Standard entry is free, while seated (£15) comes with a free drink included and a comfortable view of the action, and VIP (£30) tickets come with £15 to spend on food, too. In addition to pre and post-match parties with live music and even a margarita truck out in the garden section, not to mention the terrace benches with heated canopies, this one is a great package all-around. Tickets are right HERE.
In at number three, we’ve got The Faraday over in the Northern Quarter (formerly Seven Sins, for anyone unaware), which has all the games you could need – and we don’t just mean the ones up on the telly. They’ve got pool, shuffleboard, darts, and more, not to mention live music throughout the week.
Rounding off our top four (the Champions League spots, if you will) is the very impressive space set up by Boundary over at The Union on Manchester Metropolitan University’s campus. Not just for students, this is much more than a uni bar: besides the pub itself, they’ve turned the gig and club room into a huge fan zone, with live DJ sets, super cheap drinks, and even 10p off Carling EVERY time England scores. Say no more; book your spot for the Three Lions games HERE.
Darts and pool on offerHUGE screensFree Jubels, anyone?…Credit: The Manc Group
6. Definitely Maybe – NQ
Next up, we have Manchester’s dedicated Oasis pub, Definitely Maybe, also over in NQ. You may associate this place more with Britpop and/or pre- and post-gig vibes, but the brilliant Afflecks music bar also has three large screens in the main room, not to mention tables and regular standing tickets available. Food and drinks packages will also be available, and there’s even a Green Room that can host private screenings of up to 60 guests. Reserve your spot now.
Number six is, of course, the now-famous Road to Victory, which returns for every big international competition. Having been at multiple places before landing at Manchester’s AO Arena, it’s now a bigger party than ever, with smoke machines, confetti cannons, giveaways, and interactive stuff for supporters to fill the break, just to name a few highlights. As close to being in the stadium itself as most will get this June and July – sign up HERE.
8. Victoria Baths – Chorlton-on-Medlock
From Road to Victory (RtV) to ‘Victory at the Baths’, over Chorlton way, is also holding a big fan zone for the latest international tournament. We don’t need to tell you how stunning a space this will be to watch ‘the beautiful game’, but it will also have some of the best acoustics in the business when those goals go in, the limbs go up, and the pints are sent flying. Find out more and grab your tickets while you can.
9. Freight Island – Mayfield
Similarly, their old neighbours at Depot Mayfield are bringing back their own building-wide watchalong party, ‘We Are Football Festival’. Operating in partnership with 4TheFans, the fan park specialists return for World Cup 2026, with several big rooms to be made the most of. You can find out all you need to know down below.
One entry on the list that may surprise you is Zouk Tea Bar and Grill over at The Quadrangle, just off Oxford Rd. Now, it goes without saying that there’ll be some unreal Indian and Pakistani scran being served up here over the summer, as there is every single day, but they’re also putting up big screens for select games over the next month or so. Book your table with food starting from £29 per person HERE.
Now, we thought we’d lump a few of these into one, because St John’s – just off Deansgate and behind Spinningfields – is gradually becoming one of the fastest-growing districts in central Manchester city centre, not least of all thanks to the brilliant food and drink scene over in this small slice of the city. With Trading Route, Courts Club, Stables Tavern and now ‘The Green’ all helping create a great atmosphere ahead of this year’s sporting summer, food, drink, and pure vibes will be in full flow.
Find out what they’ve got on right through until August.
12. O’Malleys – Central
Heading over to O’Malleys on Portland Street, right in the heart of the city centre, we may be bursting with some great Irish bars and pubs in Manchester at the moment, but O’Malleys MCR undoubtedly has some of the cheapest pints and value for money across the board. They’re doing free entry throughout, and they’re showing every single game, so you don’t just have to be backing British teams.
Heading toward the outskirts for a spell, Hotel Football, which sits in the shadow of Old Trafford, is obviously a footy-obsessed venue from start to finish, but this isn’t just limited to Man United affairs. This World Cup, they’re showing every England game and even offering special stay-overs, with dinner, as well as bed and breakfast included. Find all the options HERE.
This package comes with a stadium view and tour of Man United’s Carrington complex (Credit: Supplied)
14. GRUB On The Docks – Salford Quays
As we cross the halfway point, and since we’ve strayed just beyond the city centre, we thought we’d shout out the fantastic festival feel being set up for GRUB On The Docks over at MediaCityUK. Formerly known as BOX on the Docks, this new-look outdoor leisure and live entertainment hub will hopefully serve as the perfect suntrap, not to mention there’ll be plenty of boxes showing the football itself.
Any place offering free fan zones gets a big thumbs up from us, and fortunately, we already know plenty of people heading back to Nell’s for World Cup watchalongs. Nell’s Pizza and frozen cocktails speak for themselves, but in case you weren’t aware, they have a big projector up at their Kampus location, as well as screens at their other sites, such as Common, The Beagle, and over in Salford Quays, too
The Manchester Blues Kitchen site just off Deansgate is another one that we can vouch for when it comes not only to watching the biggest sporting fixtures, having watched the Super Bowl there every year for the past half a decade, but also the footy – in fact, we watched the last Euros final in there and while the result was gutting, the night overall was excellent. It’s first-come, first-served, and their latest Southern-inspired food menu feels like the perfect fit for the North American tournament.
Credit: The Manc
17. Society – Central
Another food and beer hall, Society, is another ideal spot to watch the World Cup in Manchester this summer. Not only do you have rows and rows of tables and benches to seat fans, multiple kitchens to choose from, and a great selection of locally-brewed bevs, but you’ve also got the outside area to hopefully soak up sun, suds, and energy from the crowd during the breaks. Hopefully, we’ll be at least 1-0 up in most matches by the time the whistle blows for half-time.
Beloved Manc bar and nightclub ‘JBs’ is bringing their dedicated England fan zone back for the 2026 FIFA World Cup, and if you spent any time during the last edition, you’ll know the atmosphere in here is great. Complete with shiny new booths, multiple screens, a DJ booth and more, the ‘Clubhouse’ upstairs is well worth a go for a game or two. Find ticket prices and all their other events listed HERE.
Credit: The Manc
19. The Lawn Club – Spinningfields
Heading back over towards Spinningfields direction, Lawn Club on Hardman Square is another great alternative for World Cup screenings, especially as you’ve got the indoor hut, complete with cocktail deals, AND the roomy beer garden outside. For those who haven’t stumbled across it before, here’s a better idea of how it’s going to look based on previous years:
Holding viewing parties for the 2026 World Cup at their two flagship homes – the taproom and their first-ever beerhouse, Seven Brothers are also offering bookings, from just you and your partner, to big private hire for groups of mates and work colleagues. Spaces for England’s first game against Croatia on Wednesday, 17 June, are already filling up, so email either venue to reserve your spot ASAP.
Credit: Supplied
21. 11 Central – Salford Quays
Speaking of the Seven Bros Brewing Co., another one of their brands over at Quayside in MediaCity is another place that will be showing all England games, at the very least, throughout the 2026 World Cup. This still relatively new Salford Quays spot may go overlooked in foodie terms at times because of Central Bay next door, but one thing they do better than their neighbours is live sport on the box.
No. 22 is the brilliant Black Cat Club, brought to you by the same team behind the Michelin-recommended El Gato Negro and Canto tapas restaurants on King Street and Cutting Room Square, respectively. To toast this year’s tournament and the last time England won the World Cup, they’re serving up a ‘Geoff Hirst’ deal, where you can grab three small plates for £19.66, or four-pint pitchers of Black Cat Lager, Red Stripe or Moretti for the same price. Here are all of their packages.
Credit: Press shot (supplied via Black Cat Club)
23. Dirty O’Sullivans – Albert Square
From Mediterranean influences to more Gaelic goodness, another recently opened Manc Irish bar is also offering great deals for this year’s World Cup, including giving away 1,000 FREE pints to those who pre-book their table at this increasingly popular pub just off the corner of Albert Square. Sort yours HERE.
As we approach the final minutes of this round-up, if you will, we thought we’d throw in another favourite gaming and activity bar of ours in the form of Electric Shuffle. You can pay either £25 or £50 as a deposit, redeemable off your bill at the end when putting your name down, and you don’t have to book. a shuffleboard table to be in the room – though why wouldn’t you? Bookings are live now.
25. Diecast – Piccadilly East
Our penultimate pick of the bunch, we couldn’t complete this squad selection without giving a nod to Diecast over towards Back Piccadilly and the edge of Ancoats. A previous RtV host, this massive Manchester drinking hall, beer garden, gig and club venue is still well-equipped to hold a big World Cup watch party all of its own. Although all early bird tickets have already sold out, general admission is still on sale for just a tenner, so don’t wait around.
26. Albert Hall – Peter Street
If we’re in extra time, we can’t think of many better places that stressful eleventh hour than Manchester’s iconic Albert Hall; in fact, we have done almost exactly that for the 2022 World Cup and Euro 2024, and we promise you we made some unforgettable memories in here no matter how it all ended. They’re keeping things simple here: £5 entry, and the first 100 get a free pint – tickets can be found HERE.
The Manc -
6th March 2021 
