Brexit Secretary Spells Out U.K. to Be Leaving EU Customs Union

In a report for the finance industry published this week, PricewaterhouseCoopers LLP estimated that about three quarters of Europe’s trading of currencies and also interest-rate derivatives takes place in the U.K., as does half of the region’s fund-management activities. Lending from U.K.-based banks to EU companies totaled 1.2 trillion euros ($1.3 trillion) in the second quarter of 2016, about 9 percent of total lending to EU residents.

https://www.bloomberg.com/politics/articles/2017-02-02/u-k-seeks-freest-possible-banking-trade-deal-after-brexit

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