Xavier Rolet, the chief executive of the London Stock Exchange, said that a minimum of 100,000 jobs in the UK’s financial sector could be at risk once the UK eventually leaves the European Union.

Speaking to Bloomberg TV on Friday morning, Rolet said that if the City of London loses its place as the global centre for clearing euro-denominated currency trades, jobs all around the UK could potentially move elsewhere. Around £440 billion per day passes through London’s euro denominated clearing business.