Currency investors are split on the next move for sterling, as Prime Minister Theresa May stands on the brink of formally launching Britain's departure from the European Union, according to reports.
After hitting lows not seen since January last week, the pound is set for another week of volatility as it is expected PM May (pictured) will trigger Article 50 as early as tomorrow, after Tory MPs admitted they are unlikely to have the numbers to block the proceedings, according to the FT. It was reported last year the PM would trigger Article 50 by the end of March, beginning a two-year process of negotiations, but this was expected to be delayed following a High Court ruling in November, which said the UK parliament must vote on whether to start the process of leaving the EU despite p...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
