London is closing in on New York for the title of the world’s top financial centre, according to research by an influential think tank, as the capital pulled away from its European rivals.

The Z/Yen Global Financial Centres Index, which ranks 121 locations, showed London remained in second place with a rating of 750 points, up three points from its previous report in March and closing the trans-Atlantic gap.

New York scored 764 points to retain the top spot, although its rating fell by one point in the six months.

The Big Apple has topped the biannual ranking ever since it overtook London in September 2018. However, the London-New York gap has narrowed by 15 points over the last 18 months.

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Produced by: Lars Mucklejohn, Scarlett Wild, Larissa Howie

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