Out for the count? Brexit deals hefty blow to the City but industry is ready to fight back

Chancellor drums up hype despite manager unease

The last-minute deal between London and Brussels has left the UK's financial services sector in the dark, according to several investment professionals who expect damage, but not disaster in this post-Brexit era.

Prime Minister Boris Johnson recognised that the Brexit trade deal failed to meet his ambitions on financial services. At the UK's request, services were kept out of trade talks with Brussels, in a move that left the country's financial sector with only limited access to the £30bn-a-year EU market. Bailey: BoE cannot prevent all Brexit disruption to financial services London and Brussels have pledged to agree on a memorandum of understanding on regulatory co-operation and equivalence by March, but that is not soon enough to reassure the markets. In the week after the UK's financ...