The stakes are enormous.
City of London Just Lost a $240-Billion-a-day Financial Market.
A high-risk blinking contest no one wants to lose.
Potential for ugly consequences, intended or otherwise, is rising.
The crashing pound as the “de facto opposition” to the government’s policies.
But don’t just blame Brexit.
So are they going to spend less?
Global banks in search of a “New London” after Brexit.
No one knows how to back out without blowing up the whole system.
Trying to make an example of the UK will likely backfire.