Brexit

[Pyro as Bill]

JRPGfan said:

...


Day after you have headlines like these:

But New York has seen its average weekly trade in these contracts balloon by over $600bn (£435bn) since the turn of the year, data provided to Yahoo Finance UK shows. Separate figures shows London's market share has fallen by 75%."

The thing is.... over time, will William Wright be proved correct?

Is this just a drop in the bucket? doesnt really effect the UK fiancial markets?
Or is it a death by a million small cuts, that mean in the years to come, the fiancial sector is alot smaller than it currently is?

London does 10 Trillion (with a T) a day in derivatives. 50-70 Trillion a week.

You're right to point out that NY is a bigger 'threat' to London than the EU but it's not like London is going to start shrinking. They might grow at a slower rate but the City is going nowhere and anyone who thinks it's success is due to the EU is delusional.