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CommentMarch 27 2017

All eyes on financial sector as Brexit begins

The triggering of Article 50 heralds the beginning of the end for the UK in the EU. The financial services sector can only wait to see what will happen to London's clearing house business. 
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The day has come. With UK prime minister Theresa May due to formally trigger Article 50 of the Lisbon Treaty on March 29 and start the negotiations for the UK’s exit from the EU, the first step into uncertainty has been taken.

The only thing that is certain, however, is that the UK’s financial services industry, which contributes an annual £120bn ($149.5bn) to £125bn in gross value added to the UK economy, will keep a watchful eye on the process.

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