As the UK and the other 27 members of the EU prepare to engage in heated negotiations over their divorce, and ahead of the deadline to initiate official proceedings slated for March 2017, it is worth looking at how the financial centres in the still legally united bloc fare in terms of appeal to foreign investors.
London remains the biggest magnet for financial services foreign direct investment (FDI). However, the contraction in capital expenditure between September 2015 and August 2016, compared with the preceding 12 months, is evident, with the June Brexit vote the biggest market-moving event of the period.