As with everything Brexit, the battle for the City will be messy | Nils Pratley

Brussels has retained a nuclear option: the possible relocation of the £880bn-a-day euro clearing businessIt was billed as the first big Brexit battle for the City of London. Would Brussels launch a raid on London’s lucrative business of clearing €1tn (£880bn) a day of euro-denominated trades, which is what former French president François Hollande wanted when he said “those who seek the end of Europe” needed to be taught “a lesson”? Or would