London has been pipped at the post by New York in the rankings of global financial centres, amid full-scale Brexit uncertainty.
Just two rating points separates the two centres, which periodically replace each other in the top slot.
The next six financial centres are all in Asia-Pacific: Hong Kong, Singapore, Shanghai Tokyo, Syndney and Beijing, with Zurich the next European centre, in ninth place.
The index compilers say the main beneficiaries of Brexit are Zurich, Frankfurt, Amsterdam, Vienna and Milan, all of which “moved up the rankings significantly.”
In fact, North America looks to be the biggest loser, which saw Toronto, Boston and San Francisco all pushed out of the top ten, by Beijing, Zurich and Frankfurt.
The Global Financial Centres Index is a ranking of financial centres based on a questionnaire and aggregation of surveys from the World Bank, the OECD and the Economist Intelligence Unit. It is published bi-annually.