Daily currency trading volumes could climb to more than $3,000bn a day by 2010 – half as much again as current levels – according to a study to be released on Tuesday.

ClientKnowledge, a UK research consultancy, believes the foreign exchange market will continue its current rapid pace of growth “for the foreseeable future” as a result of the ongoing development of the biggest emerging market economies and the rise in world trade, together with the growing army of traders seeking short-term profits.