24.9 C
New York
Monday, August 15, 2022

UK to remain global financial center regardless of Brexit: Bank of England

UK to remain global financial center regardless of Brexit: Bank of England© Reuters. The London Eye, the Big Ben clock tower and the City of London financial district are seen from the Broadway development site in central London

LONDON (Reuters) – Britain will remain a major hub for global finance, regardless of what happens with Brexit, a senior Bank of England official said in an interview published by Welsh media group WalesOnline on Wednesday.

Alex Brazier, the central bank’s executive director for financial stability strategy and risk, said during a visit to Cardiff said it was hard to predict what exactly would happen if Britain left the European Union next year without a trade deal.

“The big point … regardless of what happens with Brexit is that Britain will remain a global financial center,” Brazier was quoted as saying.

“So there may be some jobs moving as firms execute their contingency plans, but I don’t expect the big picture to change,” he added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,291FansLike
12,893FollowersFollow
748FollowersFollow
- Advertisement -

Latest Articles

Popular Articles