Worldwide, since the Lehman shock, global investors have increasingly become more risk averse than before, and that has also caused Japanese government bonds’ prices to rise and yields to fall.
Many eyes are on the question of whether, and in what form, the UK will retain access to the single market. In the financial realm, the related question is whether financial firms in the UK will continue to benefit from what we call “passporting". Currently, many international banks use London as a hub to conduct business within the European Economic Area.