Property & Mortgages

British property after Brexit on March 29

The UK’s Prime Minister, Theresa May, finally confirmed March 29 as the day when the country will officially trigger Article 50 and therefore kick off the process to leave the EU for good.

After the date had been confirmed yesterday, the Sterling experienced a minor decline in value against the US Dollar and the Euro.

The Brexit law itself was made final last week, when the Queen granted royal assent for the Brexit bill.

Since last week, a lot of analysts voiced their opinion that this initial drop in Sterling may happen. They were, however, also fairly confident that the decrease was more of a knee-jerk reaction with very little long-term effects rather than a taste of what’s about to come.

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