Banking sector backs Brexit progress with caution

Deal greeted as ‘constructive’ but finance firms still push ahead with expansion in other EU states

Banks and other financial services companies have cautiously backed progress around the Brexit deal, though firms are pushing ahead with job moves and expansion in other EU states until a formal agreement is signed.

John McFarlane, chairman of the financial services advocacy group TheCityUK, said the Brexit withdrawal agreement marks “constructive progress” and “presents a pragmatic and workable solution”.

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Source: The Guardian
Banking sector backs Brexit progress with caution