The Brexit bill has been cleared in the Houses of Parliament. The prime minister will now trigger article 50 by the end of March.

Prime Minister Theresa May confirmed today that the UK Government will trigger Article 50 by the end of March – so the UK can leave the European Union. Following the bill being passed over the past 24 hours, May is now free to push the button on withdrawal talks. Yesterday, Scotland’s First Minister Nicola Sturgeon announced that she intended to hold a second referendum on Scottish independence. Nicola Sturgeon’s call for Indyref II had been well highlighted over recent weeks. Its timing might have surprised some investors but its sentiment didn’t, so there has been little reaction from sterling so far. However the pound remains fragile in these uncertain times.

 

Are you transferring money overseas?

This week, there have been movements in the pound/euro exchange rate. Therefore if you need to transfer money to or from France this year then it’s recommended to speak to currency specialists moneycorp. They can provide highly competitive exchange rates and guidance helping you to transfer money at the best time. For FrenchEntrée readers, they have a special offer of free transfers – some banks can charge up to £40 every time you send money abroad.

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One Response to “RATE ALERT: Parliament passes Brexit bill – Article 50 close”

  1. smiffyP

    So is that saying that 1.18 is the new 1.30, ie it’s not going to get much better than this? Hmmm.
    Glad my transferring is done the other way round ;-)

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