London not losing out over euro says B of E

In its six monthly 'Practical Issues Arising from the Euro' the Bank of England said on Friday that the City of London had retained its share of foreign exchange trading and in various other dealing areas since the introduction of the euro as a tradeable currency in 1999.

The City of London has retained its market share as a leading financial centre over the last four years even though Britain has not joined the European single currency, the Bank of England said Friday.

In its semi-annual Pract