The City is set for a brighter post-Brexit future than originally predicted –  or at least that’s the picture emerging from a growing list of forecasters backtracking on their initial gloomy financial predictions.

The European Commission is the latest body to revise its UK growth forecast – up from their initial prediction of one per cent to one point five per cent growth this year.

Alex Skrine, Head of E-trading at Winterflood Securities, told City News that trading volumes are in fact well above levels seen before the Brexit vote.