France is in favor of the hardest Brexit warns City of London

Omkar Godbole FXStreet Contributor

Former Home Office minister Jeremy Browne, who acts as the City of London's envoy on Brexit said on Sunday that the French are open about their desire to disrupt and degrade the UK’s financial sector.

Key quotes

They are in favour of the hardest Brexit

They are crystal clear about their underlying objective: the weakening of Britain, the ongoing degradation of the City of London

The meeting with the French Central Bank was the worst I have had anywhere in the EU

France sees Britain and the City of London as adversaries, not partners

Every country, not unreasonably, is alive to the opportunities that Brexit provides, but the French go further, making a virtue of rejecting a partnership model with Britain and seemingly happy to see outcomes detrimental to the City of London even if Paris is not the beneficiary.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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