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Brexit process set for March 29

Mar. 20, 2017 7:50 AM ETEWU, FXB, GBB-OLD, EWUS, FKU, DXPS, DBUK, QGBR, HEWUBy: Yoel Minkoff, SA News Editor47 Comments
  • Theresa May will write to the European Union next Wednesday to announce Britain's withdrawal from the bloc.
  • Talks on the terms of the departure and future relations are not allowed under the Article 50 process until the U.K. formally tells the EU it's leaving.
  • If all goes according to the two year negotiations set out in the official timetable, Brexit should happen in March 2019.
  • Sterling +0.1% to $1.2409.
  • ETFs: FXB, EWU, GBB, EWUS, FKU, DXPS, DBUK, QGBR, HEWU

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