Brexit deals hefty blow to City but industry is ready to fight back

The last-minute deal between London and Brussels has left the UK's financial services sector in the dark, according to several investment professionals. They expect damage, but not disaster, in this post-Brexit era. Prime Minister Boris Johnson recognised that the Brexit trade deal failed to meet his ambitions on financial services. At the UK's request, services were kept out of trade talks with Brussels, in a move that left the country's financial sector with only limited access to the £30bn-a-year EU market. London and Brussels have pledged to agree on a memorandum of understandi...