According to Bloomberg (HERE), reports that banks in The City have given up hope of remaining in the single market are untrue and they still hope for a positive outcome.
"The banking sector unequivocally wants to maintain the current level of full access to the EU market, to ensure that businesses and customers across Europe can still be served by U.K.-based banks," British Bankers’ Association Chief Executive Officer Anthony Browne said in a statement.
Mr Browne makes the distinction between access and membership and seems to think we will remain in the EEA - but this means freedom of movement of people and for many leave voters this is a red line. Mrs May still has to square this circle.
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