A new analysis has put London far ahead of global rivals in currency trading, with 2/5ths of all world trading done in the UK.
A new report published by Reuters shows trading volumes has grown by 23% to a record daily average of $2.7 trillion, with the US in second place still far behind at $994 billion per day.
A London-based hedge-fund manager Neil Jones said: “You may have all the uncertainty around Brexit, but this is outweighed by London’s time zone, its language, and the advantages that come from having the biggest market.”
The report will come as a shock to Remainers who said before the EU referendum a vote to leave would cause a major economic shock to Britain, including the loss of 500,000 jobs.
Yet another story contradicting Project Fear. When will the BBC put it on the front page?