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The official triggering of Article 50 last month has not halted the rising numbers of City job offers, with vacancies up 17 per cent on the previous month and 13 per cent year-on-year, a report suggests.

The latest Morgan McKinley London Employment Monitor found 8,145 new openings were listed in London's financial services sector in March, boosted by demand in regulatory finance, fintech and risk management.

Morgan McKinley said the number of people seeking work in London's financial sector also fell nine per cent month-on-month and 25 per cent year-on-year to 9,695.

The said its research suggests firms planning to open operations in Continental Europe to ensure access to the European market post Brexit has not yet translated into higher unemployment in the Square Mile.

The report states: “As London continues to attract investors from across the globe, institutions are grappling with the need to maintain access to the common European market, as well as the wealth of investors and economic productivity in and around London.

“Instead of relocating to Europe, therefore, financial services are increasingly looking for the best of both worlds by keeping their foothold in London, and expanding operations in or to other European financial hubs.”