Regardless of Article 50, London Remains at the Heart of the FX Industry

[kreslik.news]

London is the biggest center for foreign exchange transactions in the world. Despite the Brexit, this statement is still valid today and is likely to be valid for the foreseeable future. Not only do banks have to relocate talent, which is a costly and difficult process, they also need brand new infrastructure if they want to replicate London’s trading conditions.

The exit of the UK from the European Union was triggered after the official Article 50 letter was sent by Theresa May to the President of the European Council, Donald Tusk. The months in the aftermath of the vote for Brexit ... (read more)