Pro-Europe demonstrators protest during a ''March for Europe'' against the Brexit vote result, earlier in the year, in London, Britain, September 3, 2016. REUTERS/Luke MacGregor
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With a quip about British fog and French frogs, Paris began an advertising campaign Monday aimed at poaching business from London.The June 23 vote to leave the EU took many investors and chief executives by surprise, triggering the deepest political and financial turmoil in Britain since World War II and the biggest one-day fall in sterling against the dollar. Some bankers have warned that London could gradually lose its position as the only financial capital to rival New York because foreign banks could move out after Brexit, draining London of talent, wealth and trading revenues.London's closest European competitors are Switzerland and Paris, which each take about 3 percent of global foreign exchange turnover.
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