London's financial district sees few signs of Brexodus

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LONDON (REUTERS) - The City of London financial district said job relocations to the European Union on Day One of Brexit remained far short of the hundreds of thousands predicted when Britain voted to leave the bloc over three years ago.. Read more at straitstimes.com.

LONDON - The City of London financial district said job relocations to the European Union on Day One of Brexit remained far short of the hundreds of thousands predicted when Britain voted to leave the bloc over three years ago.

"We really have not see any major Brexodus," she told reporters on Tuesday ."We are not hearing signals of huge further moves."Britain and the EU have unveiled opening positions in talks for a new UK-EU trade deal they want in place next January after a"business-as-usual" transition period following Brexit ends.

The EU has said that a deal on financial services will be linked to the overall results of trade talks. Under equivalence, the EU grants access if it deems that a foreign country's financial rules are as robust as those in the bloc.

 

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