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Will article 50 be triggered this week? Theresa May could have the power this evening – What impact may this have on Sterling exchange rates? (Daniel Wright)

Monday, March 13, 2017 3:09
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(Before It's News)

Reports over the weekend have confirmed that we may see article 50 triggered as early as tomorrow, should the final adjustments be ironed out over the course of today.

There are two slight amendments being decided on, one being the protection of EU nationals and secondly being a meaningful vote for Parliament on the final divorce deal between the U.K and the EU.

It does appear that these will be given the thumbs up, and this then opens up the door for Theresa May to progress with the triggering of article 50 which may be very interesting for anyone looking to buy or sell Sterling in the coming days, weeks and months.

The decision that May then has is whether to act straight away or if she will wait until next week. The reason she may hold on is due to the Dutch elections on Wednesday and the Scottish National party conference on Saturday.

May will not want to appear to be interfering with the Dutch elections by moving forward with the divorce and secondly she will not want to give Nicola Sturgeon the chance to hype up another Scottish referendum at the SNP party conference, although I am sure it will still be the first thing on the agenda.

If you have a large currency exchange to make this week, or in the coming weeks then it is exceedingly important that you have an efficient and proactive currency broker on your side to keep you up to date with the latest movements. If you are not getting this at present or if you are not entirely happy with any prices you have been quoted then contact us for a live trading price to see if we can save you money on your exchange and make your experience a much better one.

You can contact me (Daniel Wright) by email on djw@currencies.co.uk for a brief chat about the markets and so that I can explain to you exactly how we can assist you both in terms of great prices and a fantastic level of customer service too.



Source: http://www.poundsterlingforecast.com/2017/03/13/will-article-50-be-triggered-this-week-theresa-may-could-have-the-power-this-evening-what-impact-may-this-have-on-sterling-exchange-rates-daniel-wright/

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