, Columnist
London Could Lose Its Euro Trading If U.K. Leaves EU
Neither side should underestimate the odds that the finance industry will shift to Paris or elsewhere.
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London's future status as the financial capital of Europe is a key factor in the debate about whether the U.K. should leave the European Union. It would be a mistake for either side of the argument to underestimate quite how aggressively London's competitors would attempt to wrest trading revenue away from the U.K. capital should the June 23 referendum vote in favor of what's known as Brexit.