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Sterling Reacts to Article 50

March 31, 2017 3:31 pm Published by

The two year countdown to the UK’s exit from the EU officially began when Britain’s EU ambassador formally triggered Article 50 on Wednesday.

Whilst Sterling has gained momentum in the last two weeks, the Euro has suffered against GBP and USD.

France has a presidential election looming on 7th May and for the first time in 15 years, the far right National-Front has a chance of coming top in the polls.

The party is led by Marine Le Pen who wants to quit the European Union and the Euro. Early opinion polls are showing are showing she is unlikely to defeat her main opponent, Emmanuel Macron, but as history has taught us (Brexit and Trump!) opinion polls do not always translate to voting day!

 

Chicago Fed. President Charles Evans announced that rate hikes are expected for the United States during 2017. This boosted the value of the US Dollar following some market volatility after Donald Trump’s healthcare policies were put on hold.

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This post was written by Kayleigh Driscoll

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