The Bank of England expressed concern about the deteriorating situation with Brexit, the Associated Press reported.

According to the bank, the rejection of a preliminary agreement with Brussels "increased uncertainty" and may have negative consequences.

However, the Bank of England has not yet raised the base interest rate for the UK, according to the decision of the Council, it will remain at the level of 0.75 percent.

As a result, Brexit about 800 billion euros of London-based banks and financial companies will be transferred to Frankfurt am Main. Thousands of British financiers are also planning to move to Germany. This was reported by the company Frankfurt Main Finance. British and European banks are now deciding whether to transfer only part of their business from London or their entire business.

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