What impact would a 'Brexit' from the EU have on financial services?

What impact would a ‘Brexit’ from the EU have on financial services?

The FTSE 100's move through the symbolic 7,000 level was greeted with much excitement by the press.

However, storm clouds are already gathering on the horizon as the UK gears up for the general election on 7 May and investors try to weigh up the implications for markets and the wider financial services sector. Despite the recent boost to equity markets, spurred on by Chancellor George Osborne’s ‘Comeback Britain’ Budget and news the Federal Reserve is likely to delay raising rates, investors are cautious on the UK as they look ahead to the most uncertain election in decades. Many have already started to reduce their portfolio allocations to local markets. For example, according to F...