Hello there, I'm Ed Butler and welcome to Business Daily from the BBC.

Today, the city of London, financial capital, has it been fatally undermined by Brexit?

The problem for us is hiring great people and the sell of the UK and the drawer of a UK as a place to build your career is probably somewhat diminished.

Today we hear from City Watchers and some of the city's top business leaders

about the future of the square mile.

Brexit gives the UK the opportunity to define its own agenda.

And staying competitive with other markets outside of Europe

is really what the government here should be focusing on.

That's all to come on Business Daily from the BBC.

My name is Katie Martin. I'm the markets editor at the Financial Times in London.

Meet Katie, a city commentator who's been gazing at the transition facing the city of London

for quite a while now.

Well, thanks for reminding me how long I've been kicking around this.

I won't take it the wrong way.

The point is, though, she says, Britain's departure from the EU has been a severe blow to one of the world's leading financial capitals.

The Brexit deal included very little mention of financial services, one of the UK's biggest export sectors.

So has London been cut adrift from the capital that EU countries have long provided?

Trading of shares in EU companies that previously took place in London just left

overnight. It had gone. That's all shifted over to the kind of just-in-case sites that various

financial institutions had set up in the EU in advance. So that's about six billion euros worth

of trading a day that has left the city of London.

But we're also seeing lots of other more esoteric bits of the financial markets also shift over.

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