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London does a sterling job as biggest currency trader
" London has defied sceptics and tightened its grip on global currency trading in the two years since the Brexit vote.
... While leaving the European Union was predicted by some to lead to the capital losing foreign exchange business to other centres, London has boosted its market share at the expense of New York, Singapore, Hong Kong and Tokyo.
A Reuters study analysed central bank data from the five biggest foreign exchange trading centres. It showed that trading volumes in London had risen by 23 per cent in the two years to April, reaching a record $2.7 trillion a day. London, which has dominated forex trading for decades, now handles two fifths of all currency trades.
New York, its biggest competitor, recorded an 11 per cent…
.... "
https://www.thetimes.co.uk/…/london-ret ains-its-krona-as-bi…
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Britain extends lead in global currency trading
" Britain has extended its lead in the global currency trading business in the two years since it voted to leave the European Union.
... It is another sign that London is likely to continue to be one of the world's top two financial centres even after Brexit.
Leaving the European Union was supposed to deal a crippling blow to London's position in global finance, prompting a mass exodus of jobs and business. But with eight months to go, London has tightened rather than weakened its grip on foreign exchange trading, a Reuters analysis shows.
Foreign exchange - the largest and most interconnected of global markets, used by everyone from global airlines to money managers in transactions worth trillions of dollars a day – is the crowning jewel of London's financial services industry.
Reuters' analysis, based on surveys released by central banks in the five biggest trading centres, shows forex trading volumes in Britain had grown by 23% to a record daily average of $2.7 trillion in April compared to April 2016. .... "
https://www.rte.ie/…/business/2018/0821 /986565-britain-for…/
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UK asset management sector passes £9tn milestone
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Investment managers in the UK oversaw a record £9.1tn of assets at the end of 2017 having grown 12 per cent during the year, highlighting the scale of the industry despite lingering uncertainty ahead of Brexit.
Around 100,000 people were employed in activities related either directly or indirectly to asset management at the end of last year, up from 93,500 in 2016, according to data from the Investment Association, the trade body. ... "
https://www.ft.com/con…/f64b4a65-d440-3 98c-9b24-7fda9e4d913a
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