> ... Euro-related business is only a small amount of their activity. I'd doubt this since the clearing of Euro denominated derivatives are done in London. >

> ... Euro-related business is only a small amount of their activity. I'd doubt this since the clearing of Euro denominated derivatives are done in London. > Software developers can easily "export" (i.e., take remote jobs for foreign companies)... I'm not sure about this simply because the salaries in London are so much larger than everywhere else in the UK. You'd think other regions would be able to export to London given the huge disparity but they don't. Are you sure this is true for other cities?