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Could Brexit end London's financial dominance? | The Economist

How has Brexit changed Britain and the EU over the past three years?

19-10-2019

The Brexit vote’s lasting impact on Britain and Europe

Britain’s impending departure from the European Union has challenged the country’s democracy, economy and society. But it has also affected the EU itself. Whatever the outcome, Brexit will have a lasting impact. How did we get here, exactly? And what happens next?

Brexit and the City
London’s financial prowess is something to behold. It hosts 37% of the world’s currency dealing and 18% of cross-border lending. It is a hub for derivatives, asset management, insurance and investment banks. But Brexit means the world’s biggest international financial centre is facing its toughest test.

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