Brexit has brought with it great changes particularly in the way companies and financial markets operate, including retail, foreign exchange as well as buying from different countries.
In the light of this, market experts have taken a look at which countries can take the place of London as the trade capital of Europe. Among the countries mentioned are Cyprus, Malta, Germany and France. However, Central European countries as well as those in eastern Europe are also being considered.
Research carried out by Finance Magnates found that Cyprus is the most popular with companies who trade in Europe. Malta came second, with 24% of those who replied to the study saying they believe Malta will take a large slice of the trade which there is with the UK. After Malta there is Germany and then France.
The Head of Sales of FXOpen, Natalia Zakharova said she believes Malta and Cyprus both have great potential.