Highlights

Following the UK’s decision to leave the European Union after its referendum in June 2016, the pound dropped to 30 year lows against the US dollar. The markets clearly wanted a ‘Remain’ victory. However, the UK economy has proven surprisingly resilient following Brexit. Despite this, 2017 will be a year of significant volatility for both the UK economy and the pound. The triggering of Article 50 – the legal process of leaving the EU – will spark a period of uncertainty around trade deals in particular. The triggering of Article 50 is anticipated to happen in March 2017, pending approval from MPs in the House of Commons.

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