America warns against Brussels finance grab

The Americans have hinted against the European Union trying to force the lucrative Euro-clearing market out of London.

A ‘financial trade war’ could result with Chairman of the US Commodity Futures Trading Commission, Christopher Giancarlo, insisting that the issue must be handled with care.

“This is an important regulatory policy decision that needs to be made with care by European officials,” he said.

Brexit is not just about the UK and the EU. The UK, free to negotiate worldwide outside of the bloc, will have an increasingly global outlook.

If Brussels think they can attempt to bully and threaten, they too should remember that the world is far bigger than the continent of Europe. For one thing, with President Trump in office, the special relationship looks to be back with a bang.