France reportedly aims to remove Euro clearing from London and GBP/USD negative

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France reportedly aims to remove Euro clearing from London and GBP/USD negative

Reuters reported that France is looking at ways to attract Euro contracts from the City of London to the Eurozone. Industry officials were quoted by the news agency.

This report comes on top of others suggesting that the EU aims to remove concessions made to the UK in regulations MiFID 2 And before the post-Brexit talks.

UK Prime Minister Boris Johnson and EU chief negotiator Michel Barnier laid out divergent visions of relations after the transition period ended at the end of the year. Investors fear that it could end up in unfavorable conditions or Britain's failure to comply with World Trade Organization rules. The report is opposite GBP/USD.


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