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France is determined to strip the City of £469 billion daily trades post-Brexit

France's finance minister says the City of London will lose its stranglehold on euro clearing after Brexit, a massive potential blow to the UK's financial services sector. Michel Sapin told Sky News on Friday: "There will be consequences [to Brexit]. But one thing is sure, no one in the Eurozone will accept that the main clearing place will be outside the European union.
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