UK: Article 50 to be trigger next next - Danske Bank
|Analysts from Danske Bank look next week in the United Kingdom for the Article 50 trigger on Wednesday and the EU’s Brexit guidelines, which should be published within 48 hours of Article 50 being triggered.
Key Quotes:
“In the UK, we have an important week ahead of us, as the UK government has announced in a letter to the EU that Prime Minister Theresa May will trigger Article 50 on Wednesday 29 March. Donald Tusk has tweeted that he will publish the draft Brexit guidelines ‘within 48 hours of the UK triggering Article 50’. Commentators expect EU leaders to discuss the draft at an extraordinary EU council meeting four to six weeks after this, possibly after the second round of the French presidential election on 7 May.
“In terms of economic data releases, look out for the GfK consumer confidence and Lloyds Business Barometer for March published on the night between Thursday and Friday. While business confidence has recovered, consumer confidence is still lower than before the EU vote (although significantly above the level prevailing throughout the European debt crisis).”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.