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**Chris** · 12-05-2017, 20:37

This is because it would affect Wall Street as well. They can't just prevent London from clearing Euros, even if that's their aim. They have to prevent everyone outside the Eurozone from doing so. If they do this it will be a monumental act of self harm.

As regards his parting shot, a vast quantity of Dollars are cleared in London - sometimes more are cleared in London than in New York. The Yanks are quite relaxed about this, as they should be.

12-05-2017, 20:37	#1641
Chris Trollsplatter Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,135	Re: Brexit: Article 50 Has Been Triggered ! This is because it would affect Wall Street as well. They can't just prevent London from clearing Euros, even if that's their aim. They have to prevent everyone outside the Eurozone from doing so. If they do this it will be a monumental act of self harm. As regards his parting shot, a vast quantity of Dollars are cleared in London - sometimes more are cleared in London than in New York. The Yanks are quite relaxed about this, as they should be.