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Reaction: HSBC CEO says he expects a 'hard Brexit' and confirms moving 1,000 jobs to Paris

Our live blog tracked market reaction after the CEO of HSBC said he is working to the assumption the U.K. will end up with a "hard Brexit."

He confirmed 1,000 jobs will move from London to Paris, unless the U.K. instead opts for a "soft Brexit."

Here's what happened.

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