XE Market Analysis: Europe – Mar 29, 2017

It’s D-day for Brexit and the pound is down, showing an average 0.4% loss versus the G3 currencies heading into the London interbank open. There is an awful lot of water to pass under the bridge over the next two years, which is the minimum time for negotiations following today’s expected long-awaited triggering of Article 50 by PM May, while the EU side may not be ready to negotiate in earnest until after French and German elections, in April and September, respectively.

Source: XE news feed
XE Market Analysis: Europe – Mar 29, 2017