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UK to remain global financial center regardless of Brexit: Bank of England

Kitco News

LONDON (Reuters) - Britain will remain a major hub for global finance, regardless of what happens with Brexit, a senior Bank of England official said in an interview published by Welsh media group WalesOnline on Wednesday.

Alex Brazier, the central bank’s executive director for financial stability strategy and risk, said during a visit to Cardiff said it was hard to predict what exactly would happen if Britain left the European Union next year without a trade deal.

“The big point ... regardless of what happens with Brexit is that Britain will remain a global financial center,” Brazier was quoted as saying.

“So there may be some jobs moving as firms execute their contingency plans, but I don’t expect the big picture to change,” he added.

Reporting by David Milliken. Editing by Andrew MacAskill

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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