The latest Z/Yen Global Financial Centres Index showed New York overtaking the UK’s capital for the first time since 2015.
The City think tank said there was evidence London had been knocked, but only slightly, by uncertainty over Brexit.
However, it doesn’t make great reading to see London knocked off its perch as we approach the potential stormy waters of Post-Brexit Britian.
Zurich, Frankfurt, Amsterdam, Vienna, and Milan moved up the rankings significantly.
The study reported: “These centres may be the main beneficiaries of the uncertainty caused by Brexit.
“Surprisingly, despite some evident success in attracting new business, Dublin, Munich, Hamburg, Copenhagen, and Stockholm fell in the rankings, reflecting respondents’ views of their future prospects.”
:: The top ten financial centres as measured in the 24th edition of the GFCI (position from last report in March).
:: New York (2)
:: London (1)
:: Hong Kong (3)
:: Singapore (4)
:: Shanghai (6)
:: Tokyo (5)
:: Sydney (9)
:: Beijing (11)
:: Zurich (16)
:: Frankfurt (20)
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .