Theresa May is picking an early fight with EU leaders in her letter in which she formally announced the start of the UK’s Brexit process. Bond, equity and currency markets hardly responded. But perhaps they should have.
Article 50 has now been triggered, and the UK will leave the European Union in two years time. But Brexit shouldn’t result in UK citizens losing their European citizenship against their will, said the European Parliament’s chief Brexit negotiator Guy Verhofstadt.
Asset and wealth managers managers have greeted the Supreme Court ruling that triggering Article 50 requires a vote in parliament with a notable lack of enthusiasm.
In a blow to the government’s ‘Brexit means Brexit’ rhetoric, the UK high court has ruled that Parliament must vote on whether or not to Trigger Article 50 of the Lisbon Treaty.