Goldman Sachs analysts are concerned about the future of financial services in a post-Brexit world, mainly because of the “lack of clarity” over the future of trade in the sector.

“On downside risks, our main concern is the lack of clarity over the future of trade in financial services. There is evidence that both jobs and business functions have already left the UK,” the analysts wrote in a 26 April note titled ‘Brexit—So Far, So-So’.