Brexit News: Sterling Climbs, Shares Fall After UK Makes Formal Divorce From EU
March 29, 2017
Sterling hit the day’s high on Wednesday in volatile trade while shares in British companies slipped after British Prime Minister Theresa May and European Council President Donald Tusk said Britain had formally triggered its divorce from the EU.
May’s letter to Tusk, which she quoted from to parliament on Wednesday, said Britain and the EU must work together to minimize disruption and provide as much certainty as possible, and that a deep, special partnership was in the best interests of both sides.