The trigger of Article 50 is the event traders have been waiting for since the U.K. voted to leave the European Union. Yet as Prime Minister Theresa May approaches her end-March deadline for launching Brexit, there is no consensus on what it means for markets.
The pound has slumped 18 percent and the country’s benchmark equities index has rallied about 16 percent since the June 23 referendum. While currency and stock volatility is now calmer ahead of the talks, some analysts are warning markets are too complacent in expecting a smooth path toward an agreement.
DAX – Quiet Start to Week, Markets Eye German ZEW Economic Sentiment
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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