Sterling regains momentum as Article 50 trigger looms

The letter which triggers Article 50 is expected to be delivered to the EU in Brussels just after 12.30pm GMT, triggering two years of uncertain negotiations between the UK and the EU, according to Reuters. Sir Tim Barrow, Permanent Representative of the UK to the EU, will present the Prime Minister's letter of withdrawal to the European Council President Donald Tusk and will then make an address in London this afternoon. As of 10.20am, sterling was down just 0.07% against the dollar at $1.2443, while the FTSE 100 also remained relatively flat, up just 0.02% at 7345 points. Earlier...