UK keeps top financial sector global ranking, Brexit seen as risk – TheCityUK

Anjalika Bardalai, Chief Economist and Head of research at TheCityUK’s, the body which promotes Britain as a financial center, said in a report on Friday that the UK kept the top spot in global financial services exports last year but poses a threat on the back of the Brexit risks.

Key Quotes via Reuters:

“Brexit is likely to create some economic friction with our largest trading partner - the EU and with an increasing number of regional and specialist centers arising in Asia and elsewhere - it is vital that the UK seek new trading and investment opportunities.”

“While markets like China and India are growing fast, trade flows are still relatively small, indicating the potential for the future.”