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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s