Brexit would make London lose out in FX, says Agrawal
Khan's business adviser says Chinese and EM investors would rather develop a presence on the continent in that case
If Britain leaves the European Union, London will lose out to continental foreign exchange trading hubs, such as Frankfurt, as investors from emerging markets and China would prefer to develop their presence in the eurozone, warns Rajesh Agrawal, business adviser to the city's Labour mayor candidate, Sadiq Khan.
"The UK is historically the world's FX trading centre, but if the UK leaves Europe, the city will lose its edge. I think in that scenario [that] emerging market countries and China would
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