UK’s Article 50 became Official today – Negotiation starts from tomorrow

March 29, 2017

GBP has been very quite through the event.. What to expect now?

UK’s Article 50 became Official today – Negotiation starts from tomorrow

This article is originally referred from FXGiants News

Market Mover | Article 50 has been officially triggered by the UK

The EU has officially received the UK’s Article 50 letter.

This marks the beginning of two years of negotiations between the two sides.

UK Prime Minister Theresa May is currently delivering the official Brexit speech in UK Parliament.

There has been no major reaction in GBP pairs, possibly due to the fact that the timing of the triggering had been repeatedly signalled.

Focus now turns to the upcoming negotiations. We expect sterling’s broader direction to be determined to a large extent by headlines around the negotiating process, particularly on the subject of trade.


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