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London has retained its position as the world’s top financial centre despite fears that the City will become less attractive for financiers in the wake of Brexit, reports Dagens Industri. The Z/Yen global financial centres index (GFCI), which ranks 92 financial centres said: “Interestingly, despite the ongoing Brexit negotiations, London only fell two points, the smallest decline in the top 10 centres. Hong Kong has moved just ahead of Singapore into third – only two points ahead on a scale of 1,000.” Meanwhile, New York’s ratings score fell by 24 points – the largest fall among the top 15.
Stockholm, Copenhagen, and Vienna all showed strong rises. Stockholm had strengthened its position as the Nordic financial centre and had climbed to 39th place in the ranking, from 46th in the previous survey.