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ZGBR - How Brexit Could Affect London As A Financial Center
SPDR Solactive United Kingdom ETF
By Evan Peterson
At a Glance
The financial industry is watching what Brexit will mean for London, a major center for derivatives and swaps markets
New York has surpassed London in the index of top global financial centers
London has for decades been recognized as one of the world's financial centers. In fact, for the five years leading up to 2018, one global financial center index pegged it as the top financial hub in the world. That changed in 2018 when New York took the top spot, according to consultancy Z/yen.