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Jun 21, 2016

What might Brexit mean for London’s financial center?

Kai Ryssdal spoke with BBC Business News Correspondent Theo Leggett

Brexitby Kai Ryssdal
Campaigners to remain in the EU unfurl a banner on Westminster Bridge as a bus bearing the face of UKIP leader Nigel Farage and a message urging voters to leave the EU in the upcoming referendum sits behind it as they wait for a flotilla of boats from the group 'Fishing for Leave' to sail by on the river Thames in London on June 15, 2016. A Brexit flotilla of fishing boats sailed up the River Thames into London today with foghorns sounding, in a protest against EU fishing quotas by the campaign for Britain to leave the European Union. 
Campaigners to remain in the EU unfurl a banner on Westminster Bridge as a bus bearing the face of UKIP leader Nigel Farage and a message urging voters to leave the EU in the upcoming referendum sits behind it as they wait for a flotilla of boats from the group 'Fishing for Leave' to sail by on the river Thames in London on June 15, 2016. A Brexit flotilla of fishing boats sailed up the River Thames into London today with foghorns sounding, in a protest against EU fishing quotas by the campaign for Britain to leave the European Union. 
NIKLAS HALLE'N/AFP/Getty Images

Just a couple days and counting until the referendum in the U.K. about whether to stay or get out of the European Union. Economy-wise, it’ll either be another Y2K — nothing to see here — or it could be quite the opposite.

For those who’s job it is to watch global markets, currencies and stocks, it’s the not-knowing that’s the problem. Nowhere less, maybe, than in The City of London, the UK’s financial center.

Business correspondent with the BBC Theo Leggett spoke with us about how things are playing out in one of the world’s most important financial centers.

 

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