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.

Risk Warning:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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