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Stalling of UK-EU financial services deal has little effect but is significant, BOE’s Cunliffe says

By Fiona Maxwell ( March 7, 2022, 17:34 GMT | Insight) -- Actual trade in financial services is not impacted by a lack of agreement on a post-Brexit UK-EU dialogue, but it does send a signal to the market, Jon Cunliffe told UK lawmakers today. Technical talks on the forum concluded nearly a year ago but a final agreement is being held up due to wider political issues.A post-Brexit financial services agreement that has been held up by the EU does not have a practical impact on trade or regulation, but does send a signal to the market about UK-EU relations, Bank of England deputy governor Jon Cunliffe said today. ...

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