Profile image
By Pound Sterling Forecast (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

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
% of readers think this story is Fact. Add your two cents.

(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 [email protected] 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.


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.