Brexit uncertainty taking toll on Britain's service sector - CBI

The UK's financial services sector is feeling the heat of Brexit uncertainty, according to the Confederation of British Industry (CBI). 

"A combination of macroeconomic and Brexit uncertainty, regulatory compliance, and global market volatility are taking a toll on the UK's financial sector," the CBI's chief economist Rain Newton-Smith reportedly said. 

He added further that the persistent weakness in optimism and the deterioration in expectations sound a warning for the outlook. 

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